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

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 31,400 shares, an increase of 44.0% from the February 28th total of 21,800 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.5% of the company’s shares are sold short.

NI Price Performance

NODK traded down $0.15 during trading on Tuesday, hitting $14.11. The company’s stock had a trading volume of 26,301 shares, compared to its average volume of 18,346. NI has a twelve month low of $11.16 and a twelve month high of $17.24. The firm’s 50 day moving average price is $14.44 and its 200-day moving average price is $15.22. The stock has a market cap of $291.82 million, a PE ratio of -50.39 and a beta of 0.33.

NI (NASDAQ:NODK) last released its quarterly earnings data on Friday, March 7th. The company reported $0.47 earnings per share (EPS) for the quarter. NI had a negative net margin of 1.63% and a positive return on equity of 1.16%. The company had revenue of $73.91 million during the quarter.

Institutional Trading of NI

Several large investors have recently modified their holdings of the business. Barclays PLC lifted its stake in NI by 44.0% during the third quarter. Barclays PLC now owns 24,687 shares of the company’s stock worth $387,000 after purchasing an additional 7,549 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of NI in the 4th quarter valued at about $331,000. Geode Capital Management LLC grew its position in shares of NI by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 169,290 shares of the company’s stock valued at $2,655,000 after buying an additional 3,092 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NI by 108.9% during the third quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company’s stock worth $241,000 after acquiring an additional 8,025 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in NI in the fourth quarter worth about $1,116,000. 21.89% of the stock is currently owned by institutional investors and hedge funds.

NI Company Profile

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.