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

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 growth in short interest in the month of July. As of July 15th, there was short interest totaling 23,100 shares, agrowthof1,115.8% from the June 30th total of 1,900 shares. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is currently 0.5 days.

NN Group Stock Performance

Shares of NNGRY stock traded up $0.72 during mid-day trading on Wednesday, reaching $35.12. The company's stock had a trading volume of 7,543 shares, compared to its average volume of 30,787. NN Group has a 1-year low of $20.97 and a 1-year high of $35.13. The company has a current ratio of 159.36, a quick ratio of 159.36 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average is $32.90 and its two-hundred day moving average is $30.90.

NN Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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