NI Holdings, Inc. (NASDAQ:NODK) Short Interest Update

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 21,400 shares, a decline of 16.1% from the March 31st total of 25,500 shares. Based on an average daily volume of 15,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of NI

A hedge fund recently raised its stake in NI stock. Orchard Capital Management LLC raised its position in shares of NI Holdings, Inc. (NASDAQ:NODK) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,437 shares of the company’s stock after purchasing an additional 3,087 shares during the period. Orchard Capital Management LLC owned about 1.64% of NI worth $4,383,000 as of its most recent filing with the Securities & Exchange Commission. 21.89% of the stock is currently owned by institutional investors and hedge funds.

NI Trading Up 0.8 %

NASDAQ NODK opened at $14.97 on Friday. The stock has a market cap of $308.83 million, a PE ratio of -59.88 and a beta of 0.32. NI has a 12 month low of $12.01 and a 12 month high of $16.55. The company’s 50-day moving average price is $14.65 and its 200-day moving average price is $13.53.

NI (NASDAQ:NODK) last released its quarterly earnings data on Friday, March 15th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $94.41 million during the quarter. NI had a negative net margin of 1.50% and a negative return on equity of 2.25%.

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.