Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Decreases By 88.4%

Key Points

• The short interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) has significantly decreased by 88.4%, from 30,200 shares to 3,500 shares, as of September 30th.
• NN Group's stock price declined by 1.7% to $34.83, with a trading volume of 36,686 shares on the day.
• Analyst ratings for NN Group vary, with one strong buy, six holds, and one sell, resulting in a consensus rating of "Hold".

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 3,500 shares, a decrease of 88.4% from the September 15th total of 30,200 shares. Based on an average trading volume of 35,700 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 35,700 shares, the short-interest ratio is currently 0.1 days.

NN Group Stock Down 1.7%

Shares of NNGRY stock traded down $0.62 on Thursday, hitting $34.83. 36,686 shares of the stock were exchanged, compared to its average volume of 29,148. The business has a 50-day moving average of $34.83 and a 200 day moving average of $33.09. NN Group has a fifty-two week low of $20.97 and a fifty-two week high of $36.68.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research raised NN Group to a "hold" rating in a research note on Tuesday, August 12th. Morgan Stanley reissued an "underweight" rating on shares of NN Group in a report on Friday, July 11th. Cfra Research raised NN Group to a "moderate buy" rating in a research note on Friday, August 8th. The Goldman Sachs Group upgraded NN Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, UBS Group downgraded NN Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, 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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