Navios Maritime Holdings Inc. (NYSE:NM) Short Interest Up 87.3% in September

Navios Maritime Holdings Inc. (NYSE:NM) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 11,800 shares, an increase of 87.3% from the September 15th total of 6,300 shares. Based on an average daily volume of 35,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

A hedge fund recently bought a new stake in Navios Maritime stock. Advisor Group Holdings Inc. purchased a new position in Navios Maritime Holdings Inc. (NYSE:NM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 126,925 shares of the shipping company’s stock, valued at approximately $293,000. Advisor Group Holdings Inc. owned approximately 0.95% of Navios Maritime at the end of the most recent quarter. 10.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Navios Maritime stock opened at $1.76 on Friday. The firm has a market cap of $23.42 million, a price-to-earnings ratio of -0.09 and a beta of 1.78. The business has a 50-day moving average price of $1.82 and a 200-day moving average price of $2.02. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 20.47. Navios Maritime has a twelve month low of $1.30 and a twelve month high of $6.29.

Navios Maritime (NYSE:NM) last issued its quarterly earnings data on Thursday, August 20th. The shipping company reported ($2.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.82) by ($0.22). The firm had revenue of $97.13 million for the quarter. Navios Maritime had a negative net margin of 53.78% and a positive return on equity of 3.75%.

About Navios Maritime

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. It focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. The company operates through two segments, Dry Bulk Vessel Operations and Logistics Business.

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