Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Decreases By 55.3%

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw a large drop in short interest during 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 shares of the stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut NN Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NN Group Stock Up 0.8%

Shares of NNGRY traded up $0.33 during mid-day trading on Monday, reaching $42.68. The company had a trading volume of 40,349 shares, compared to its average volume of 77,560. The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58. The company’s 50 day simple moving average is $42.78 and its 200 day simple moving average is $40.13. NN Group has a 1-year low of $31.58 and a 1-year high of $45.12.

About NN Group

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.