NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Large Decline in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,741 shares, a decline of 85.2% from the August 15th total of 248,441 shares. Based on an average daily volume of 120,593 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research firms have issued reports on NNGRY. Citigroup reissued a “neutral” rating on shares of NN Group in a research report on Tuesday, September 1st. Zacks Research raised shares of NN Group to a “hold” rating in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

NN Group Price Performance

OTCMKTS:NNGRY traded up $0.92 during trading hours on Friday, hitting $45.43. The stock had a trading volume of 26,212 shares, compared to its average volume of 53,315. The company has a quick ratio of 137.28, a current ratio of 137.28 and a debt-to-equity ratio of 0.58. NN Group has a 1-year low of $33.78 and a 1-year high of $48.79. The business has a 50 day simple moving average of $45.33 and a two-hundred day simple moving average of $42.97.

About NN Group

NN Group N.V. is a Dutch financial services company headquartered in The Hague, Netherlands. The company provides insurance, pensions and banking products to individuals, businesses and institutional customers, with its primary operations focused on the Netherlands and selected European markets.

Its activities include life and non-life insurance, income protection, retirement and pension services, mortgages, savings and other banking products. NN Group also offers investment and asset-management services through its related businesses, serving both retail and institutional clients.

NN Group was established in 2014 following the separation of ING Group’s insurance and investment-management businesses.