NII Holdings Inc. (NASDAQ:NIHD) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,967,872 shares, a decline of 25.4% from the August 15th total of 5,320,806 shares. Based on an average daily volume of 1,163,094 shares, the short-interest ratio is currently 3.4 days. Currently, 4.1% of the company’s shares are sold short.

NII Holdings (NASDAQ:NIHD) opened at 3.25 on Thursday. The firm’s market cap is $327.69 million. NII Holdings has a 12 month low of $2.05 and a 12 month high of $8.87. The stock has a 50 day moving average of $2.85 and a 200-day moving average of $3.81.

NII Holdings (NASDAQ:NIHD) last announced its quarterly earnings results on Thursday, August 11th. The company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.83) by $0.73. NII Holdings had a negative return on equity of 20.04% and a negative net margin of 31.88%. The firm had revenue of $249.20 million for the quarter, compared to analysts’ expectations of $320.30 million. During the same period in the prior year, the business posted ($1.74) earnings per share. Equities research analysts predict that NII Holdings will post $14.35 earnings per share for the current fiscal year.

About NII Holdings

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