NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Large Increase in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 248,441 shares, an increase of 1,090.1% from the July 30th total of 20,875 shares. Based on an average daily volume of 76,127 shares, the days-to-cover ratio is presently 3.3 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of NN Group to a “hold” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, NN Group currently has a consensus rating of “Moderate Buy”.

NN Group Trading Up 0.9%

Shares of OTCMKTS NNGRY traded up $0.38 during mid-day trading on Tuesday, hitting $44.99. The company had a trading volume of 18,873 shares, compared to its average volume of 65,965. The business’s 50-day simple moving average is $44.76 and its 200 day simple moving average is $42.55. NN Group has a 1-year low of $33.16 and a 1-year high of $48.79. The company has a quick ratio of 137.28, a current ratio of 137.28 and a debt-to-equity ratio of 0.58.

NN Group Company Profile

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.