Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Grows By 77.4%

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 49,392 shares, an increase of 77.4% from the April 30th total of 27,841 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 76,343 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of NN Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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NN Group Price Performance

Shares of OTCMKTS NNGRY opened at $41.78 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 137.28 and a quick ratio of 137.28. The stock has a 50 day moving average price of $42.19 and a 200 day moving average price of $39.73. NN Group has a 52 week low of $31.58 and a 52 week high of $45.12.

NN Group Company Profile

(Get Free Report)

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.

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