Nomura Holdings Inc ADR (NYSE:NMR) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,125,936 shares, a growth of 109.7% from the October 13th total of 536,952 shares. Based on an average daily trading volume, of 713,802 shares, the days-to-cover ratio is presently 1.6 days.
Several brokerages recently issued reports on NMR. Zacks Investment Research raised Nomura from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a report on Saturday, September 16th. ValuEngine downgraded Nomura from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Nomura currently has an average rating of “Hold” and an average target price of $6.25.
Institutional investors have recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in shares of Nomura during the second quarter valued at approximately $100,000. Fox Run Management L.L.C. bought a new position in shares of Nomura during the second quarter valued at approximately $131,000. Conning Inc. grew its holdings in shares of Nomura by 59.2% during the third quarter. Conning Inc. now owns 28,450 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 10,575 shares during the last quarter. CIBC World Markets Inc. grew its holdings in shares of Nomura by 4.6% during the second quarter. CIBC World Markets Inc. now owns 26,527 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Nomura by 39.0% in the 2nd quarter. Sei Investments Co. now owns 29,019 shares of the financial services provider’s stock worth $175,000 after buying an additional 8,145 shares in the last quarter. 0.58% of the stock is owned by hedge funds and other institutional investors.
Nomura (NMR) traded up $0.02 during trading hours on Monday, hitting $5.87. The company had a trading volume of 195,134 shares, compared to its average volume of 247,848. The company has a debt-to-equity ratio of 5.60, a quick ratio of 1.00 and a current ratio of 1.00. Nomura has a fifty-two week low of $5.28 and a fifty-two week high of $6.80. The firm has a market capitalization of $22,790.00, a PE ratio of 9.75 and a beta of 1.62.
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Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.
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