NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Large Drop in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 7,500 shares, a decrease of 21.1% from the July 31st total of 9,500 shares. Based on an average trading volume of 55,900 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 55,900 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley restated an “underweight” rating on shares of NN Group in a report on Friday, July 11th. UBS Group lowered NN Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 12th. Citigroup restated a “neutral” rating on shares of NN Group in a report on Wednesday, May 28th. Cfra Research upgraded NN Group to a “moderate buy” rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised NN Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

NN Group Trading Up 0.4%

Shares of NN Group stock opened at $34.18 on Thursday. The stock’s fifty day moving average is $34.30 and its two-hundred day moving average is $32.31. 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 has a 52 week low of $20.97 and a 52 week high of $36.68.

NN Group Company Profile

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.