NI Holdings, Inc. (NASDAQ:NODK) Short Interest Update

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 30,088 shares, a decline of 26.5% from the December 15th total of 40,961 shares. Based on an average daily volume of 15,719 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 15,719 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On NI

A number of institutional investors have recently added to or reduced their stakes in NODK. Nisa Investment Advisors LLC raised its holdings in shares of NI by 150.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $25,000 after purchasing an additional 1,200 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of NI by 158.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,083 shares of the company’s stock worth $55,000 after purchasing an additional 2,505 shares during the period. AQR Capital Management LLC acquired a new stake in NI during the 1st quarter worth approximately $143,000. AE Wealth Management LLC purchased a new position in NI in the third quarter valued at approximately $151,000. Finally, Empowered Funds LLC raised its holdings in NI by 3.8% in the first quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock valued at $312,000 after buying an additional 796 shares during the period. Hedge funds and other institutional investors own 21.89% of the company’s stock.

NI Stock Down 0.1%

Shares of NODK stock traded down $0.01 during trading hours on Friday, hitting $13.30. 7,388 shares of the company were exchanged, compared to its average volume of 10,614. The firm has a fifty day moving average of $13.54 and a 200 day moving average of $13.32. NI has a 1 year low of $12.01 and a 1 year high of $15.41. The firm has a market cap of $274.11 million, a PE ratio of 102.31 and a beta of 0.38.

NI (NASDAQ:NODK) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.08) EPS for the quarter. The company had revenue of $76.57 million for the quarter. NI had a return on equity of 1.05% and a net margin of 0.87%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, NI has an average rating of “Sell”.

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. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc