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Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Declines By 21.1%

NN Group logo with Finance background

Key Points

  • Short interest for NN Group NV Unsponsored ADR decreased by 21.1% in August, dropping from 9,500 to 7,500 shares.
  • Several analysts have recently rated NN Group, with one Strong Buy, six Holds, and one Sell, leading to a consensus rating of "Hold."
  • NN Group’s stock opened at $34.12, with a one-year low of $20.97 and a high of $36.68, reflecting some stability in its trading range.
  • Five stocks we like better than NN Group.

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 7,500 shares, a decline of 21.1% from the July 31st total of 9,500 shares. Based on an average daily volume of 55,900 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 55,900 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Citigroup reissued a "neutral" rating on shares of NN Group in a research note on Wednesday, May 28th. UBS Group downgraded shares of NN Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Kepler Capital Markets raised shares of NN Group from a "strong sell" rating to a "hold" rating in a research note on Monday, August 11th. Zacks Research raised shares of NN Group to a "hold" rating in a research note on Tuesday, August 12th. Finally, Cfra Research raised shares of NN Group to a "moderate buy" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Check Out Our Latest Stock Analysis on NNGRY

NN Group Trading Up 0.6%

Shares of NNGRY stock traded up $0.20 during mid-day trading on Friday, reaching $34.76. The stock had a trading volume of 24,746 shares, compared to its average volume of 26,264. The stock's 50-day moving average price is $34.37 and its two-hundred day moving average price is $32.41. NN Group has a 52-week low of $20.97 and a 52-week high of $36.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 159.36 and a quick ratio of 159.36.

About NN Group

(Get Free Report)

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.

Further Reading

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