NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Short Interest Update

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 36,741 shares, a decline of 85.2% from the August 15th total of 248,441 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 120,593 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of NN Group in a research note on Tuesday, September 1st. Zacks Research upgraded shares of NN Group to a “hold” rating in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

NN Group Price Performance

OTCMKTS NNGRY traded up $0.92 during trading on Friday, hitting $45.43. The stock had a trading volume of 26,212 shares, compared to its average volume of 53,315. The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28. The firm has a 50 day moving average price of $45.33 and a 200 day moving average price of $42.97. NN Group has a twelve month low of $33.78 and a twelve month high of $48.79.

NN Group Company Profile

NN Group N.V. is a Dutch financial services company headquartered in The Hague, Netherlands. The company provides insurance, pensions and banking products to individuals, businesses and institutional customers, with its primary operations focused on the Netherlands and selected European markets.

Its activities include life and non-life insurance, income protection, retirement and pension services, mortgages, savings and other banking products. NN Group also offers investment and asset-management services through its related businesses, serving both retail and institutional clients.

NN Group was established in 2014 following the separation of ING Group’s insurance and investment-management businesses.