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

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 30,200 shares, an increase of 350.7% from the August 31st total of 6,700 shares. Based on an average trading volume of 68,900 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 68,900 shares, the days-to-cover ratio is currently 0.4 days.

NN Group Trading Down 0.6%

Shares of NNGRY stock opened at $34.73 on Friday. The firm has a 50-day moving average of $34.69 and a 200-day moving average of $32.87. NN Group has a one year low of $20.97 and a one year high of $36.68.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NNGRY. Cfra Research raised shares of NN Group to a “moderate buy” rating in a research note on Friday, August 8th. Zacks Research raised shares of NN Group to a “hold” rating in a research note on Tuesday, August 12th. Kepler Capital Markets raised shares of NN Group from a “strong sell” rating to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley reaffirmed an “underweight” rating on shares of NN Group in a research note on Friday, July 11th. Finally, UBS Group lowered shares of NN Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NN Group presently has a consensus rating of “Hold”.

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.