ING Groep (NYSE:ING) Short Interest Update

ING Groep (NYSE:ING) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,070,000 shares, a growth of 44.8% from the November 15th total of 1,430,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of ING Groep

Hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in ING Groep in the third quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in shares of ING Groep in the 2nd quarter valued at $31,000. Rothschild Investment LLC acquired a new position in shares of ING Groep in the 2nd quarter valued at $31,000. Mather Group LLC. increased its position in shares of ING Groep by 57.3% during the 3rd quarter. Mather Group LLC. now owns 2,147 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 782 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in ING Groep in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ING. Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Citigroup raised ING Groep to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

ING Groep Trading Up 1.6 %

Shares of ING opened at $15.53 on Friday. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72. The firm has a market capitalization of $54.33 billion, a P/E ratio of 6.96, a P/E/G ratio of 6.07 and a beta of 1.48. The firm has a 50-day moving average price of $16.30 and a 200 day moving average price of $17.21. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.