NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Short Interest Up 77.4% in May

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw a significant increase in short interest in the month of 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 76,343 shares, the days-to-cover ratio is currently 0.6 days.

NN Group Stock Performance

Shares of NNGRY stock traded down $0.09 during mid-day trading on Tuesday, reaching $41.78. The company’s stock had a trading volume of 34,645 shares, compared to its average volume of 38,536. NN Group has a 1-year low of $31.58 and a 1-year high of $45.12. The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $42.19 and its two-hundred day moving average is $39.73.

Analyst Upgrades and Downgrades

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

NN Group Company Profile

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.