Short Interest in NI Holdings, Inc. (NASDAQ:NODK) Increases By 21.4%

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 25,000 shares, a growth of 21.4% from the August 15th total of 20,600 shares. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company’s shares are short sold.

NI Stock Up 0.3 %

Shares of NODK stock traded up $0.04 during trading hours on Tuesday, reaching $15.19. 11,092 shares of the stock traded hands, compared to its average volume of 14,874. The firm has a market capitalization of $313.35 million, a PE ratio of 60.76 and a beta of 0.36. NI has a 1-year low of $12.01 and a 1-year high of $16.55. The business has a fifty day moving average price of $15.21 and a 200 day moving average price of $15.12.

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

Institutional Investors Weigh In On NI

Several hedge funds have recently bought and sold shares of NODK. Orchard Capital Management LLC lifted its position in shares of NI by 0.9% in the fourth quarter. Orchard Capital Management LLC now owns 337,437 shares of the company’s stock worth $4,383,000 after purchasing an additional 3,087 shares in the last quarter. BNP Paribas Financial Markets lifted its position in NI by 65.2% in the 1st quarter. BNP Paribas Financial Markets now owns 4,085 shares of the company’s stock worth $62,000 after buying an additional 1,612 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NI by 38.8% during the 1st quarter. Vanguard Group Inc. now owns 716,845 shares of the company’s stock valued at $10,860,000 after buying an additional 200,561 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of NI by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company’s stock valued at $364,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 acquiring an additional 9,414 shares during the last quarter. 21.89% of the stock is owned by hedge funds and other institutional investors.

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.