NN Group (OTCMKTS:NNGRY) Short Interest Down 68.3% in August

NN Group (OTCMKTS:NNGRY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 3,800 shares, a decline of 68.3% from the August 15th total of 12,000 shares. Based on an average trading volume of 51,500 shares, the days-to-cover ratio is presently 0.1 days.

Shares of OTCMKTS NNGRY opened at $25.99 on Wednesday. The stock’s 50 day moving average price is $25.31 and its two-hundred day moving average price is $24.99. NN Group has a 52-week low of $16.95 and a 52-week high of $27.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 38.02 and a current ratio of 38.02.

The company also recently disclosed a dividend, which will be paid on Wednesday, September 22nd. Shareholders of record on Monday, August 23rd will be paid a dividend of $2.2197 per share. The ex-dividend date is Friday, August 20th. This represents a yield of 8.23%. This is a boost from NN Group’s previous dividend of $2.21.

NNGRY has been the subject of several analyst reports. Berenberg Bank reiterated a “hold” rating on shares of NN Group in a research note on Monday, August 16th. Morgan Stanley reiterated an “underweight” rating on shares of NN Group in a research note on Monday, August 16th. Royal Bank of Canada reissued a “sector perform” rating on shares of NN Group in a research report on Tuesday, August 24th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of NN Group in a research report on Tuesday, September 7th. Finally, Barclays reissued an “equal weight” rating on shares of NN Group in a research report on Friday, September 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.15.

About NN Group

NN Group NV engages in the provision of financial services. It operates through the following segments: Netherlands Life, Netherlands Non-Life, Insurance Europe, Japan Life, Asset Management, and Others. The Netherlands Life segment offers a range of group life and individual life insurance products.

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