Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Rises By 350.7%

Key Points

• Short interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) surged by 350.7% in September, totaling 30,200 shares, compared to 6,700 shares at the end of August.
• As of the latest trading session, NN Group stock opened at $35.23, with a 12-month range between a low of $20.97 and a high of $36.68.
• Recent analyst ratings show a mix of opinions, with one strong buy, six hold ratings, and one sell rating, resulting in a current consensus rating of "Hold".

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY - Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 30,200 shares, an increase of 350.7% from the August 31st total of 6,700 shares. Based on an average trading volume of 68,900 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 68,900 shares, the short-interest ratio is currently 0.4 days.

NN Group Price Performance

Shares of NN Group stock opened at $35.23 on Thursday. NN Group has a 12-month low of $20.97 and a 12-month high of $36.68. The company's fifty day simple moving average is $34.67 and its two-hundred day simple moving average is $32.81.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NNGRY shares. UBS Group cut NN Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Zacks Research raised shares of NN Group 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 report on Monday, August 11th. Cfra Research raised shares of NN Group to a "moderate buy" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised shares of NN Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NN Group 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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