NI Holdings, Inc. (NASDAQ:NODK) Short Interest Up 44.0% in March

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a large increase in short interest in 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 daily trading volume, of 15,500 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On NI

Several institutional investors have recently made changes to their positions in NODK. Barclays PLC raised its holdings in NI by 44.0% in the 3rd quarter. Barclays PLC now owns 24,687 shares of the company’s stock valued at $387,000 after acquiring an additional 7,549 shares in the last quarter. Geode Capital Management LLC raised its position in shares of NI by 1.9% in 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NI by 108.9% during the 3rd 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. Empowered Funds LLC bought a new position in NI in the fourth quarter valued at approximately $331,000. Finally, Wells Fargo & Company MN lifted its stake in NI by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,579 shares of the company’s stock worth $72,000 after purchasing an additional 997 shares during the last quarter. 21.89% of the stock is currently owned by institutional investors.

NI Trading Up 0.1 %

NODK stock traded up $0.01 during trading hours on Monday, hitting $14.26. 13,079 shares of the stock were exchanged, compared to its average volume of 18,289. The company has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $15.24. The firm has a market capitalization of $294.93 million, a P/E ratio of -50.93 and a beta of 0.33. NI has a 12 month low of $11.15 and a 12 month high of $17.24.

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

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.