Navios Maritime Acquisition Co. (NYSE:NNA) Short Interest Up 152.1% in August

Navios Maritime Acquisition Co. (NYSE:NNA) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 29,500 shares, an increase of 152.1% from the July 31st total of 11,700 shares. Based on an average daily volume of 40,800 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Several brokerages have recently commented on NNA. ValuEngine lowered Navios Maritime Acquisition from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded Navios Maritime Acquisition from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 24th.

NYSE NNA remained flat at $$7.05 during trading on Wednesday. The company’s stock had a trading volume of 41,100 shares, compared to its average volume of 47,679. Navios Maritime Acquisition has a fifty-two week low of $2.90 and a fifty-two week high of $9.30. The company has a market capitalization of $91.10 million, a P/E ratio of -0.93 and a beta of 2.40. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 3.11. The firm’s fifty day moving average is $6.17 and its 200 day moving average is $6.58.

Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings data on Wednesday, August 21st. The shipping company reported ($1.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.65) by ($0.58). The company had revenue of $54.39 million for the quarter. Navios Maritime Acquisition had a negative net margin of 23.53% and a negative return on equity of 14.03%. On average, research analysts forecast that Navios Maritime Acquisition will post -0.99 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Wednesday, September 25th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 17.02%. The ex-dividend date of this dividend is Tuesday, September 24th. Navios Maritime Acquisition’s dividend payout ratio (DPR) is presently -15.83%.

A number of large investors have recently added to or reduced their stakes in NNA. Renaissance Technologies LLC increased its stake in Navios Maritime Acquisition by 123.2% during the 2nd quarter. Renaissance Technologies LLC now owns 84,780 shares of the shipping company’s stock valued at $534,000 after purchasing an additional 46,795 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Navios Maritime Acquisition by 202.2% in the second quarter. JPMorgan Chase & Co. now owns 24,097 shares of the shipping company’s stock worth $154,000 after buying an additional 16,122 shares during the last quarter. Finally, BlackRock Inc. purchased a new position in shares of Navios Maritime Acquisition in the second quarter worth $98,000. 6.23% of the stock is currently owned by institutional investors.

About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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