NI Holdings, Inc. (NASDAQ:NODK) Short Interest Up 21.4% in August

NI Holdings, Inc. (NASDAQ:NODK) was the target of a significant 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 trading volume, of 18,800 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company’s stock are sold short.

NI Stock Up 0.7 %

Shares of NODK traded up $0.10 during midday trading on Friday, hitting $15.45. The company had a trading volume of 10,222 shares, compared to its average volume of 14,883. The stock has a market cap of $319.04 million, a price-to-earnings ratio of 61.80 and a beta of 0.36. The company’s 50 day moving average price is $15.21 and its 200 day moving average price is $15.10. NI has a 52 week low of $12.01 and a 52 week high of $16.55.

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

Institutional Investors Weigh In On NI

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 last quarter. Orchard Capital Management LLC raised its position in shares of NI by 0.9% during the 4th 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 during the period. Dimensional Fund Advisors LP lifted its holdings in shares of NI by 4.2% in the 2nd 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 last quarter. Renaissance Technologies LLC boosted its position in NI by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 59,991 shares of the company’s stock valued at $918,000 after purchasing an additional 1,300 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 1,246 shares during the period. 21.89% of the stock is currently owned by 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.