NI Holdings, Inc. (NASDAQ:NODK) Short Interest Update

NI Holdings, Inc. (NASDAQ:NODKGet Free Report) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 20,100 shares, a drop of 25.8% from the December 15th total of 27,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is currently 0.8 days.

NI Stock Up 2.4 %

NASDAQ NODK traded up $0.35 during trading on Wednesday, hitting $15.01. The company’s stock had a trading volume of 3,827 shares, compared to its average volume of 10,336. NI has a 52 week low of $12.71 and a 52 week high of $17.24. The firm has a market cap of $309.94 million, a P/E ratio of -53.61 and a beta of 0.37. The firm has a 50 day moving average price of $15.89 and a 200 day moving average price of $15.50.

Hedge Funds Weigh In On NI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in NI by 108.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock worth $241,000 after purchasing an additional 8,025 shares during the last quarter. Creative Planning lifted its stake in shares of NI by 14.8% in the third quarter. Creative Planning now owns 15,533 shares of the company’s stock valued at $244,000 after buying an additional 2,000 shares during the period. Bank of New York Mellon Corp grew its position in NI by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company’s stock worth $364,000 after buying an additional 1,246 shares in the last quarter. Barclays PLC increased its stake in NI by 44.0% during the third quarter. Barclays PLC now owns 24,687 shares of the company’s stock valued at $387,000 after acquiring an additional 7,549 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in NI by 2.2% in the 2nd quarter. Renaissance Technologies LLC now owns 59,991 shares of the company’s stock valued at $918,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors own 21.89% of the company’s stock.

About NI

(Get Free Report)

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota.

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