Short Interest in ING Groep (NYSE:ING) Increases By 44.8%

ING Groep (NYSE:ING) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,070,000 shares, an increase of 44.8% from the November 15th total of 1,430,000 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On ING Groep

Several large investors have recently bought and sold shares of the stock. Beverly Hills Private Wealth LLC boosted its stake in shares of ING Groep by 4.7% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 13,414 shares of the financial services provider’s stock valued at $230,000 after buying an additional 602 shares during the period. Checchi Capital Advisers LLC lifted its stake in ING Groep by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 17,500 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 637 shares during the last quarter. Pzena Investment Management LLC grew its holdings in ING Groep by 1.2% during the 2nd quarter. Pzena Investment Management LLC now owns 53,810 shares of the financial services provider’s stock worth $922,000 after acquiring an additional 640 shares in the last quarter. Valeo Financial Advisors LLC increased its position in shares of ING Groep by 6.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 11,243 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 684 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of ING Groep by 6.6% in the 3rd quarter. Wedmont Private Capital now owns 11,047 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 688 shares in the last quarter. Hedge funds and other institutional investors own 4.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ING. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft cut ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Citigroup raised shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th.

ING Groep Stock Up 1.6 %

ING Groep stock opened at $15.53 on Friday. The firm has a market capitalization of $54.33 billion, a P/E ratio of 6.96, a P/E/G ratio of 6.07 and a beta of 1.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a twelve month low of $12.77 and a twelve month high of $18.72. The stock’s fifty day simple moving average is $16.30 and its 200-day simple moving average is $17.21.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.