NI Holdings, Inc. (NASDAQ:NODK) Sees Significant Increase in Short Interest

NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 29,600 shares, a growth of 27.6% from the September 30th total of 23,200 shares. Based on an average trading volume of 28,800 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the company's stock are sold short.

NI Trading Up 1.6 %

NASDAQ:NODK traded up $0.25 during trading hours on Monday, hitting $15.85. The stock had a trading volume of 35,212 shares, compared to its average volume of 18,222. NI has a 1-year low of $12.02 and a 1-year high of $16.55. The business has a 50 day simple moving average of $15.34 and a two-hundred day simple moving average of $15.23. The company has a market cap of $327.30 million, a PE ratio of -113.21 and a beta of 0.36.

NI (NASDAQ:NODK - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.36) earnings per share for the quarter. NI had a positive return on equity of 2.38% and a negative net margin of 0.81%. The company had revenue of $87.81 million for the quarter.

Institutional Trading of NI

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of NI by 38.8% during the first quarter. Vanguard Group Inc. now owns 716,845 shares of the company's stock worth $10,860,000 after acquiring an additional 200,561 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in NI by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company's stock worth $364,000 after purchasing an additional 1,246 shares during the period. BNP Paribas Financial Markets lifted its holdings in NI by 65.2% in the first quarter. BNP Paribas Financial Markets now owns 4,085 shares of the company's stock worth $62,000 after purchasing an additional 1,612 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NI by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 234,774 shares of the company's stock worth $3,592,000 after purchasing an additional 9,414 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in NI by 2.2% in the second quarter. Renaissance Technologies LLC now owns 59,991 shares of the company's stock worth $918,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 21.89% of the company's stock.

About NI

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.