NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Short Interest Up 1,115.8% in July

Key Points

• Short interest in NN Group NV increased by an astonishing 1,115.8% in July, reaching a total of 23,100 shares.
• Analyst ratings show a mixed outlook, with one upgrade to "strong-buy" from Goldman Sachs and downgrades from BNP Paribas and Keefe, Bruyette & Woods, leading to an average rating of "Hold."
• NN Group recently announced a significant increase in its dividend, with a new payout of $0.9103 per share, resulting in a dividend yield of 472.0%.

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 23,100 shares, anincreaseof1,115.8% from the June 30th total of 1,900 shares. Based on an average trading volume of 45,500 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 45,500 shares, the short-interest ratio is currently 0.5 days.

NN Group Stock Up 1.1%

OTCMKTS NNGRY traded up $0.35 on Monday, reaching $34.01. The company's stock had a trading volume of 18,924 shares, compared to its average volume of 30,964. NN Group has a 52 week low of $20.97 and a 52 week high of $34.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 159.36 and a current ratio of 159.36. The business has a 50-day moving average price of $32.83 and a 200 day moving average price of $30.80.

NN Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st were paid a $0.9103 dividend. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 472.0%. This is an increase from NN Group's previous dividend of $0.55.

Analyst Upgrades and Downgrades

NNGRY has been the subject of several research analyst reports. Morgan Stanley reiterated an "underweight" rating on shares of NN Group in a research note on Friday, July 11th. The Goldman Sachs Group raised shares of NN Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods downgraded NN Group from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, May 14th. BNP Paribas cut NN Group from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Citigroup reiterated a "neutral" rating on shares of NN Group in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, NN Group presently has an average rating of "Hold".

About NN Group

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.