NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Significant Decline in Short Interest

Key Points

• NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) experienced a significant decline in short interest, falling 58.9% from 23,100 shares to 9,500 shares as of July 31st.
• The company's stock price recently dropped to $35.91 amid increased trading volume, indicating investor activity surrounding its shares.
• Analysts have mixed opinions on NN Group, with ratings ranging from "sell" to "strong buy", resulting in a consensus rating of "Hold."

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,500 shares, adeclineof58.9% from the July 15th total of 23,100 shares. Approximately0.0% of the company's shares are sold short. Based on an average daily trading volume, of 43,600 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 43,600 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the company's shares are sold short.

NN Group Price Performance

Shares of OTCMKTS NNGRY traded down $0.27 during trading hours on Friday, hitting $35.91. The company's stock had a trading volume of 70,829 shares, compared to its average volume of 23,650. The company has a quick ratio of 159.36, a current ratio of 159.36 and a debt-to-equity ratio of 0.48. NN Group has a 12 month low of $20.97 and a 12 month high of $36.68. The business has a 50-day simple moving average of $33.47 and a 200-day simple moving average of $31.41.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NNGRY shares. Cfra Research upgraded NN Group to a "moderate buy" rating in a report on Friday, August 8th. Morgan Stanley reiterated an "underweight" rating on shares of NN Group in a report on Friday, July 11th. Zacks Research upgraded NN Group to a "hold" rating in a report on Tuesday. UBS Group downgraded NN Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, BNP Paribas downgraded NN Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

NN Group Company Profile

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products.

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