NN Group (OTCMKTS:NNGPF) Sees Large Decline in Short Interest

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NN Group (OTCMKTS:NNGPFGet Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 61,900 shares, a decline of 62.0% from the May 15th total of 162,700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 88.4 days.

Shares of OTCMKTS NNGPF opened at $48.71 on Friday. NN Group has a 52-week low of $39.69 and a 52-week high of $60.06. The business’s 50 day moving average is $49.74 and its two-hundred day moving average is $51.47.

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Separately, Deutsche Bank Aktiengesellschaft raised NN Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 16th.

About NN Group (Get Rating)

NN Group N.V., 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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