A Reversal for NI Holdings Incorporated (NASDAQ:NODK) Is Not Near. The Stock Has Rise in Shorts

July 18, 2017 - By Hazel Jackson

 A Reversal for NI Holdings Incorporated (NASDAQ:NODK) Is Not Near. The Stock Has Rise in Shorts

The stock of NI Holdings Incorporated (NASDAQ:NODK) registered an increase of 645.95% in short interest. NODK’s total short interest was 27,600 shares in July as published by FINRA. Its up 645.95% from 3,700 shares, reported previously. With 82,500 shares average volume, it will take short sellers 0 days to cover their NODK’s short positions.

The stock increased 0.52% or $0.09 during the last trading session, reaching $17.37. About shares traded. NI Holdings Inc (NASDAQ:NODK) has 0.00% since July 18, 2016 and is . It has underperformed by 16.70% the S&P500.

NI Holdings, Inc. is the stock holding firm of Nodak Mutual Insurance Company . The company has market cap of $387.71 million. Nodak Mutual is a mutual insurance firm based in North Dakota. It has a 129.91 P/E ratio. It offers property and casualty insurance, crop hail, and multi-peril crop insurance to members of the North Dakota Farm Bureau through captive agents in North Dakota.

More notable recent NI Holdings Inc (NASDAQ:NODK) news were published by: Globenewswire.com which released: “Nodak completes conversion to stock company” on March 15, 2017, also Reuters.com with their article: “BRIEF-NI Holdings earnings per share of $0.21 in Q1” published on May 12, 2017, Globenewswire.com published: “NI Holdings, Inc. Announces $8M Repurchase Plan” on May 25, 2017. More interesting news about NI Holdings Inc (NASDAQ:NODK) were released by: Gurufocus.com and their article: “Siena Capital Management, LLC Buys Middlefield Banc Corp, NI Holdings Inc …” published on July 17, 2017 as well as Nasdaq.com‘s news article titled: “NI Holdings, Inc. added to Russell 2000® Index” with publication date: July 05, 2017.

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