NI Holdings, Inc. (NASDAQ:NODK) Short Interest Update

NI Holdings, Inc. (NASDAQ:NODK) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 30,088 shares, a drop of 26.5% from the December 15th total of 40,961 shares. Based on an average trading volume of 15,719 shares, the short-interest ratio is presently 1.9 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 15,719 shares, the short-interest ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of NI from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NI currently has an average rating of “Sell”.

NI Price Performance

NASDAQ NODK traded down $0.01 on Friday, reaching $13.30. The company had a trading volume of 7,388 shares, compared to its average volume of 10,614. NI has a 1 year low of $12.01 and a 1 year high of $15.41. The firm has a 50-day moving average of $13.54 and a 200-day moving average of $13.32. The firm has a market capitalization of $274.11 million, a PE ratio of 102.31 and a beta of 0.38.

NI (NASDAQ:NODK) last posted its earnings results on Friday, November 7th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $76.57 million for the quarter. NI had a return on equity of 1.05% and a net margin of 0.87%.

Institutional Trading of NI

Several large investors have recently modified their holdings of the business. M3F Inc. lifted its stake in shares of NI by 3.8% in the second quarter. M3F Inc. now owns 1,463,721 shares of the company’s stock worth $18,648,000 after acquiring an additional 53,877 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in NI by 150.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $25,000 after purchasing an additional 1,200 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of NI by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 309,116 shares of the company’s stock valued at $4,192,000 after purchasing an additional 4,006 shares in the last quarter. Bridgeway Capital Management LLC raised its position in shares of NI by 3.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 76,666 shares of the company’s stock valued at $1,040,000 after purchasing an additional 2,913 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of NI by 3.8% during the 1st quarter. Empowered Funds LLC now owns 21,850 shares of the company’s stock valued at $312,000 after buying an additional 796 shares during the last quarter. 21.89% of the stock is currently owned by institutional investors and hedge funds.

About NI

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc