Short Interest in NI Holdings, Inc. (NASDAQ:NODK) Rises By 32.8%

NI Holdings, Inc. (NASDAQ:NODK) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 41,700 shares, a growth of 32.8% from the March 15th total of 31,400 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 2.5 days.

NI Trading Up 1.2 %

NODK traded up $0.15 during trading on Friday, hitting $13.08. The company’s stock had a trading volume of 8,603 shares, compared to its average volume of 19,197. The firm has a market capitalization of $270.74 million, a price-to-earnings ratio of -46.71 and a beta of 0.33. NI has a twelve month low of $12.83 and a twelve month high of $17.24. The business’s fifty day simple moving average is $14.01 and its 200 day simple moving average is $15.03.

NI (NASDAQ:NODK) last released its quarterly earnings results on Friday, March 7th. The company reported $0.47 earnings per share (EPS) for the quarter. The firm had revenue of $73.91 million for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. M3F Inc. raised its holdings in shares of NI by 21.8% during the fourth quarter. M3F Inc. now owns 1,336,330 shares of the company’s stock valued at $20,980,000 after acquiring an additional 239,316 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in NI by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 270,564 shares of the company’s stock valued at $4,248,000 after purchasing an additional 11,240 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NI by 1.9% during the third quarter. Geode Capital Management LLC now owns 169,290 shares of the company’s stock worth $2,655,000 after buying an additional 3,092 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of NI by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 87,891 shares of the company’s stock valued at $1,380,000 after buying an additional 4,900 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of NI by 15.2% in the fourth quarter. Northern Trust Corp now owns 74,332 shares of the company’s stock worth $1,167,000 after buying an additional 9,832 shares in the last quarter. Institutional investors and hedge funds own 21.89% of the company’s stock.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota.