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NN Group (OTCMKTS:NNGRY) Short Interest Up 41.0% in March

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NN Group (OTCMKTS:NNGRY – Get Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 26,500 shares, an increase of 41.0% from the March 15th total of 18,800 shares. Based on an average trading volume of 126,700 shares, the days-to-cover ratio is currently 0.2 days.

Several brokerages recently weighed in on NNGRY. Credit Suisse Group lifted their price target on NN Group from €52.50 ($57.07) to €56.50 ($61.41) in a research note on Monday, February 21st. JPMorgan Chase & Co. lowered their price objective on NN Group from €63.00 ($68.48) to €58.00 ($63.04) and set an “overweight” rating on the stock in a report on Thursday, March 31st. Morgan Stanley upgraded NN Group from an “underweight” rating to an “overweight” rating in a report on Tuesday, April 5th. HSBC upgraded NN Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft upgraded NN Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 16th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $51.95.

OTCMKTS NNGRY traded down $0.13 during trading hours on Friday, hitting $26.04. The company had a trading volume of 24,082 shares, compared to its average volume of 51,878. The company has a debt-to-equity ratio of 0.28, a quick ratio of 23.80 and a current ratio of 23.80. NN Group has a 1-year low of $19.58 and a 1-year high of $30.17. The business has a 50-day moving average of $25.32 and a 200-day moving average of $26.35.

About NN Group (Get Rating)

NN Group NV, a financial services company, primarily provides life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers group and individual life insurance, and pension products; non-life insurance products, including motor, fire, liability, transport, travel, and disability and accident insurance; employee benefits, and health insurance products; corporate-owned life insurance products; and single premium variable annuity individual life insurance products.

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