National General Holdings Corp June 15th Short Interest Update

National General Holdings Corp (NASDAQ:NGHC) stated loss of 97,163 shares or 11.7% in the short interest. The short interest registered from 833,507 on May 31,2016 to 736,344 on June 15,2016. In terms of floated shares, the shorted positions stood at 1.5%. The stock has been averaging 376,141 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

National General Holdings Corp (NASDAQ:NGHC): The stock opened at $20.88 on Friday but the bulls could not build on the opening and the stock topped out at $21.46 for the day. The stock traded down to $20.08 during the day, due to lack of any buying support eventually closed down at $20.88 with a loss of -3.47% for the day. The stock had closed at $21.63 on the previous day. The total traded volume was 1,970,131 shares.

The company shares have rallied 0.77% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $23.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $21.25 and the 200 Day Moving Average price is recorded at $20.93.

National General Holdings Corp (NASDAQ:NGHC) has climbed 0.19% in the past week and advanced 0.87% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.85% and the outperformance has advanced to 3.92% for the last 4 weeks period.

National General Holdings Corp. is a specialty personal lines insurance holding company. Through its subsidiaries, the Company provides a variety of insurance products, including personal and commercial automobile, supplemental health, homeowners and umbrella and other niche products. It operates in two segments: Property and Casualty (P&C) and Accident and Health (A&H). Its P&C insurance segment products protect its customers against losses due to physical damage to motor vehicles, bodily injury and liability to others for personal injury or property damage arising out of auto accidents. Its A&H segment provides accident and non-major medical health insurance products targeting its existing P&C policyholders. Approximately 84% of its P&C premium written is originated in 11 core states, including New York, North Carolina, California, Michigan, New Jersey, Florida, Connecticut, Texas, Louisiana, Virginia and Massachusetts.

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