Short Interest in NN Group (OTCMKTS:NNGRY) Declines By 98.8%

NN Group (OTCMKTS:NNGRYGet Rating) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a decline of 98.8% from the August 15th total of 8,100 shares. Based on an average daily volume of 113,200 shares, the short-interest ratio is currently 0.0 days.

NN Group Trading Down 0.1 %

NNGRY opened at $20.46 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 23.80 and a current ratio of 23.80. NN Group has a 12 month low of $19.56 and a 12 month high of $30.17. The company has a fifty day simple moving average of $21.76 and a 200 day simple moving average of $23.35.

NN Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 21st. Investors of record on Monday, August 22nd will be given a $0.3865 dividend. This represents a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, August 19th.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of NN Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from €58.00 ($59.18) to €47.00 ($47.96) in a research report on Wednesday, September 7th. Credit Suisse Group upped their target price on shares of NN Group from €56.50 ($57.65) to €59.80 ($61.02) in a research report on Thursday, September 8th. Finally, Cheuvreux cut shares of NN Group from a “buy” rating to a “hold” rating and set a €45.00 ($45.92) target price for the company. in a research report on Friday, September 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NN Group presently has an average rating of “Moderate Buy” and an average price target of $49.02.

NN Group Company Profile

(Get Rating)

NN Group N.V., a financial services company, primarily provides 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 group and individual life insurance, and pension products; non-life insurance products, including motor, fire, liability, transport, travel, and disability and accident insurance; employee benefits, and health insurance products; corporate-owned life insurance products; and single premium variable annuity individual life insurance products.

Further Reading

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