NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Significant Increase in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 23,100 shares, anincreaseof1,115.8% from the June 30th total of 1,900 shares. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 45,500 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NNGRY. The Goldman Sachs Group upgraded shares of NN Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 2nd. BNP Paribas cut shares of NN Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Morgan Stanley restated an “underweight” rating on shares of NN Group in a research note on Friday, July 11th. Citigroup restated a “neutral” rating on shares of NN Group in a research note on Wednesday, May 28th. Finally, Keefe, Bruyette & Woods cut shares of NN Group from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NN Group Price Performance

OTCMKTS:NNGRY opened at $33.66 on Monday. NN Group has a 52 week low of $20.97 and a 52 week high of $34.43. The firm’s 50-day simple moving average is $32.83 and its 200 day simple moving average is $30.80. The company has a quick ratio of 159.36, a current ratio of 159.36 and a debt-to-equity ratio of 0.48.

NN Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a dividend of $0.9103 per share. This is a positive change from NN Group’s previous dividend of $0.55. This represents a yield of 472.0%. The ex-dividend date of this dividend was Tuesday, May 20th.

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.