NII Holdings, Inc. (NIHD) Sees Large Decline in Short Interest
NII Holdings, Inc. (NASDAQ:NIHD) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 3,988,010 shares, a decrease of 48.3% from the June 15th total of 7,710,484 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,339,820 shares, the short-interest ratio is presently 1.2 days.
Separately, Zacks Investment Research lowered shares of NII Holdings from a “hold” rating to a “sell” rating in a report on Friday, May 12th.
NII Holdings (NASDAQ NIHD) opened at 0.5931 on Friday. The firm’s market capitalization is $59.65 million. The company has a 50-day moving average of $0.64 and a 200 day moving average of $1.52. NII Holdings has a one year low of $0.36 and a one year high of $3.63.
NII Holdings (NASDAQ:NIHD) last posted its earnings results on Wednesday, May 10th. The Wireless communications provider reported ($0.27) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.55) by $0.28. NII Holdings had a negative net margin of 159.96% and a negative return on equity of 30.56%. The firm had revenue of $251 million for the quarter. During the same period in the previous year, the firm earned ($0.37) earnings per share. On average, analysts anticipate that NII Holdings will post ($1.17) EPS for the current year.
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