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

NI Holdings, Inc. (NASDAQ:NODK - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 41,700 shares, a growth of 32.8% from the March 15th total of 31,400 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 16,400 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of NI by 26.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company's stock worth $61,000 after buying an additional 815 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of NI by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 4,579 shares of the company's stock valued at $72,000 after purchasing an additional 997 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of NI by 108.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,391 shares of the company's stock valued at $241,000 after purchasing an additional 8,025 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of NI by 61.4% during the 4th quarter. Citadel Advisors LLC now owns 18,328 shares of the company's stock worth $288,000 after purchasing an additional 6,972 shares during the period. Finally, Bank of America Corp DE increased its position in shares of NI by 17.0% during the 4th quarter. Bank of America Corp DE now owns 19,320 shares of the company's stock worth $303,000 after purchasing an additional 2,811 shares during the last quarter. Institutional investors and hedge funds own 21.89% of the company's stock.

NI Trading Down 0.5 %

NODK traded down $0.07 on Thursday, hitting $12.96. 8,891 shares of the company's stock were exchanged, compared to its average volume of 19,269. The stock has a market cap of $268.26 million, a price-to-earnings ratio of -46.29 and a beta of 0.33. NI has a fifty-two week low of $12.80 and a fifty-two week high of $17.24. The firm has a 50-day moving average price of $13.90 and a 200-day moving average price of $14.97.

NI (NASDAQ:NODK - Get Free Report) last posted its quarterly earnings results on Friday, March 7th. The company reported $0.47 EPS for the quarter. The firm had revenue of $73.91 million during the quarter. NI had a positive return on equity of 1.16% and a negative net margin of 1.63%.

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.