ING Groep NV (ING) Short Interest Down 49.1% in November

Share on StockTwits

ING Groep NV (NYSE:ING) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,749,244 shares, a decline of 49.1% from the October 31st total of 3,433,982 shares. Based on an average daily trading volume, of 2,914,302 shares, the days-to-cover ratio is presently 0.6 days.

Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of ING Groep from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. JPMorgan Chase & Co. lowered shares of ING Groep from an “overweight” rating to a “neutral” rating in a research report on Monday, September 3rd. ValuEngine lowered shares of ING Groep from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Royal Bank of Canada reiterated a “neutral” rating on shares of ING Groep in a research report on Thursday, November 1st. Finally, Morgan Stanley upgraded shares of ING Groep from an “underweight” rating to an “equal weight” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. ING Groep has a consensus rating of “Hold” and a consensus target price of $21.00.

NYSE ING opened at $11.59 on Friday. ING Groep has a twelve month low of $11.40 and a twelve month high of $20.58. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $46.36 billion, a price-to-earnings ratio of 8.05 and a beta of 1.22.

ING Groep (NYSE:ING) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.23 earnings per share for the quarter. ING Groep had a net margin of 24.83% and a return on equity of 9.05%. The firm had revenue of $5.40 billion for the quarter. As a group, equities analysts expect that ING Groep will post 1.5 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC purchased a new position in ING Groep during the 3rd quarter worth approximately $116,000. Morgan Stanley grew its position in ING Groep by 13.2% during the 3rd quarter. Morgan Stanley now owns 7,604,904 shares of the financial services provider’s stock worth $98,636,000 after purchasing an additional 888,075 shares in the last quarter. Advisors Asset Management Inc. grew its position in ING Groep by 55.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 79,874 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 28,612 shares in the last quarter. Virginia National Bank purchased a new position in ING Groep during the 3rd quarter worth approximately $3,735,000. Finally, Verition Fund Management LLC purchased a new position in ING Groep during the 3rd quarter worth approximately $185,000. Hedge funds and other institutional investors own 3.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “ING Groep NV (ING) Short Interest Down 49.1% in November” was posted by Zolmax and is the property of of Zolmax. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://zolmax.com/investing/ing-groep-nv-ing-short-interest-down-49-1-in-november/2745903.html.

ING Groep Company Profile

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.

Recommended Story: Discount Rate

Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Golos Gold  Trading 2.2% Lower  This Week
Golos Gold Trading 2.2% Lower This Week
Sienna Biopharmaceuticals  Reaches New 12-Month Low at $3.26
Sienna Biopharmaceuticals Reaches New 12-Month Low at $3.26
DavorCoin  Hits 24 Hour Volume of $0.00
DavorCoin Hits 24 Hour Volume of $0.00
Capital Product Partners  Reaches New 1-Year Low at $2.23
Capital Product Partners Reaches New 1-Year Low at $2.23
TNR Gold  Hits New 12-Month Low at $0.03
TNR Gold Hits New 12-Month Low at $0.03
Investment Analysts’ Weekly Ratings Changes for Duerr
Investment Analysts’ Weekly Ratings Changes for Duerr


Leave a Reply

 
© 2006-2018 Zolmax.