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

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 22,083 shares, a drop of 55.3% from the May 14th total of 49,392 shares. Based on an average daily volume of 81,894 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of NN Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NN Group currently has an average rating of “Hold”.

NN Group Price Performance

OTCMKTS NNGRY traded down $0.07 during trading hours on Friday, reaching $42.35. 34,282 shares of the company’s stock traded hands, compared to its average volume of 102,059. NN Group has a 52-week low of $31.58 and a 52-week high of $45.12. The firm has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $40.10. The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58.

NN Group Company Profile

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.