Navios Maritime Holdings Short Interest Up 212.2% in July (NM)
Shares of Navios Maritime Holdings (NYSE:NM) were the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 3,453,792 shares, a growth of 212.2% from the June 30th total of 1,106,335 shares, Analyst RN reports. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 724,374 shares, the short-interest ratio is presently 4.8 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Navios Maritime Holdings from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $9.70 price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Navios Maritime Holdings in a research note on Tuesday, June 10th. They set a “buy” rating and a $14.00 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Navios Maritime Holdings has an average rating of “Buy” and an average price target of $11.30.
Shares of Navios Maritime Holdings (NYSE:NM) opened at 7.66 on Tuesday. Navios Maritime Holdings has a 52 week low of $5.55 and a 52 week high of $12.12. The stock’s 50-day moving average is $9.16 and its 200-day moving average is $9.22. The company’s market cap is $785.0 million.
Navios Maritime Holdings (NYSE:NM) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.12. The company had revenue of $122.20 million for the quarter, compared to the consensus estimate of $133.52 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect that Navios Maritime Holdings will post $-0.06 EPS for the current fiscal year.
Navios Maritime Holdings Inc (NYSE:NM) is a global, vertically integrated seaborne shipping and logistics company which operates numerous businesses focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.
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