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

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 20,100 shares, a decrease of 25.8% from the December 15th total of 27,100 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 25,100 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in NI by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 23,787 shares of the company’s stock worth $364,000 after purchasing an additional 1,246 shares during the period. Dimensional Fund Advisors LP lifted 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 buying an additional 9,414 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of NI by 2.2% during the 2nd quarter. Renaissance Technologies LLC now owns 59,991 shares of the company’s stock worth $918,000 after buying an additional 1,300 shares during the period. Creative Planning grew its stake in NI by 14.8% in the 3rd quarter. Creative Planning now owns 15,533 shares of the company’s stock valued at $244,000 after buying an additional 2,000 shares during the last quarter. Finally, 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 worth $387,000 after acquiring an additional 7,549 shares during the period. Institutional investors and hedge funds own 21.89% of the company’s stock.

NI Trading Up 2.4 %

NI stock traded up $0.35 during mid-day trading on Wednesday, hitting $15.01. 3,827 shares of the company’s stock were exchanged, compared to its average volume of 10,336. NI has a 1-year low of $12.71 and a 1-year high of $17.24. The stock has a 50 day moving average of $15.89 and a two-hundred day moving average of $15.50. The stock has a market cap of $309.94 million, a P/E ratio of -53.61 and a beta of 0.37.

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.