NI Holdings, Inc. (NASDAQ:NODK) Short Interest Down 27.3% in November

NI Holdings, Inc. (NASDAQ:NODK) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 26,100 shares, a drop of 27.3% from the October 31st total of 35,900 shares. Based on an average trading volume of 29,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On NI

Several large investors have recently modified their holdings of NODK. Vanguard Group Inc. raised its stake in shares of NI by 38.8% during the first quarter. Vanguard Group Inc. now owns 716,845 shares of the company’s stock valued at $10,860,000 after acquiring an additional 200,561 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of NI by 5.5% during the second 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in NI by 4.2% during 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 raised its stake in NI by 2.2% during the second 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 last quarter. Finally, Creative Planning raised its stake in NI by 14.8% during the third quarter. Creative Planning now owns 15,533 shares of the company’s stock worth $244,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 21.89% of the company’s stock.

NI Stock Up 1.4 %

Shares of NODK stock traded up $0.22 during trading hours on Friday, hitting $16.14. 6,457 shares of the company’s stock traded hands, compared to its average volume of 18,640. The stock’s 50 day simple moving average is $15.63 and its 200 day simple moving average is $15.39. The stock has a market cap of $333.29 million, a PE ratio of -56.86 and a beta of 0.36. NI has a 12 month low of $12.71 and a 12 month high of $16.74.

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.