Short Interest in Nomura Holdings Inc ADR (NYSE:NMR) Decreases By 24.4%

Nomura Holdings Inc ADR (NYSE:NMR) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 2,059,044 shares, a decrease of 24.4% from the February 26th total of 2,725,059 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,896,635 shares, the short-interest ratio is currently 0.7 days.

Nomura Price Performance

NYSE:NMR opened at $7.58 on Friday. Nomura has a 12-month low of $4.86 and a 12-month high of $9.58. The firm has a market cap of $22.22 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.76 and a beta of 0.67. The company’s 50-day moving average is $8.60 and its two-hundred day moving average is $7.99. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 7.54.

Nomura (NYSE:NMR) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.25 billion. Nomura had a return on equity of 9.88% and a net margin of 7.81%. Research analysts expect that Nomura will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nomura in a report on Monday, December 29th. JPMorgan Chase & Co. raised Nomura from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Hedge Funds Weigh In On Nomura

Hedge funds and other institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in Nomura during the 4th quarter valued at $25,000. Allworth Financial LP lifted its holdings in shares of Nomura by 90.7% in the fourth quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,447 shares during the period. MAI Capital Management boosted its stake in Nomura by 1,562.0% during the second quarter. MAI Capital Management now owns 6,000 shares of the financial services provider’s stock valued at $39,000 after buying an additional 5,639 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Nomura by 101.2% during the fourth quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider’s stock valued at $42,000 after buying an additional 2,515 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Nomura by 1,019.0% during the second quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 5,859 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

About Nomura

Nomura Holdings, Inc is a global financial services group headquartered in Tokyo, Japan, with origins dating back to 1925 when Tokushichi Nomura II established the firm as a securities business. Over the decades Nomura has grown from a domestic securities house into a multinational financial services firm by expanding its product offerings and international footprint. The company is publicly listed and operates through a network of subsidiaries and branches to serve a broad client base.

Nomura’s principal businesses encompass retail brokerage, wholesale (investment banking and global markets), and asset management.