NN Group (OTCMKTS:NNGRY) Short Interest Update

NN Group (OTCMKTS:NNGRY) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 30,700 shares, a decrease of 13.3% from the April 30th total of 35,400 shares. Based on an average daily volume of 51,900 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BNP Paribas downgraded shares of NN Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Keefe, Bruyette & Woods lowered shares of NN Group from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Citigroup restated a “neutral” rating on shares of NN Group in a research report on Wednesday, May 28th.

NN Group Trading Up 0.7%

Shares of NNGRY opened at $32.24 on Thursday. NN Group has a 52-week low of $20.97 and a 52-week high of $32.46. The firm has a 50-day moving average price of $29.56 and a 200 day moving average price of $25.65.

NN Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.9103 per share. This is a positive change from NN Group’s previous dividend of $0.55. The ex-dividend date is Tuesday, May 20th. This represents a dividend yield of 4.72%.

About NN Group

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products.