NI Holdings, Inc. (NASDAQ:NODK) Sees Large Decline in Short Interest

NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) saw a large decline in short interest in April. As of April 15th, there was short interest totalling 35,800 shares, a decline of 14.1% from the March 31st total of 41,700 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is currently 2.1 days.

NI Price Performance

Shares of NI stock traded down $0.17 on Thursday, hitting $12.11. The company had a trading volume of 12,333 shares, compared to its average volume of 19,425. NI has a 52 week low of $12.11 and a 52 week high of $17.24. The company has a market cap of $250.56 million, a PE ratio of -43.23 and a beta of 0.38. The business has a 50-day simple moving average of $13.55 and a 200-day simple moving average of $14.79.

NI (NASDAQ:NODK - Get Free Report) last announced its quarterly earnings data on Friday, March 7th. The company reported $0.47 earnings per share (EPS) for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%. The company had revenue of $73.91 million for the quarter.

Institutional Investors Weigh In On NI

A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in NI by 26.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company's stock worth $61,000 after purchasing an additional 815 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of NI by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,579 shares of the company's stock valued at $72,000 after buying an additional 997 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NI by 108.9% during the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company's stock valued at $241,000 after buying an additional 8,025 shares in the last quarter. Citadel Advisors LLC raised its position in NI by 61.4% during the fourth quarter. Citadel Advisors LLC now owns 18,328 shares of the company's stock valued at $288,000 after buying an additional 6,972 shares during the period. Finally, Bank of America Corp DE lifted its stake in NI by 17.0% in the 4th quarter. Bank of America Corp DE now owns 19,320 shares of the company's stock worth $303,000 after acquiring an additional 2,811 shares in the last quarter. Institutional investors and hedge funds own 21.89% of the company's stock.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota.