Navios Maritime Acquisition Co. (NYSE:NNA) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 237,868 shares, a drop of 70.8% from the October 31st total of 815,781 shares. Based on an average daily volume of 57,864 shares, the short-interest ratio is currently 4.1 days. Approximately 6.0% of the company’s shares are short sold.

Several research firms have recently issued reports on NNA. ValuEngine lowered Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research note on Friday, September 7th. Zacks Investment Research lowered Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research note on Friday, August 31st.

NYSE:NNA opened at $6.76 on Friday. The company has a market capitalization of $66.52 million, a PE ratio of -3.76 and a beta of 1.25. Navios Maritime Acquisition has a 1 year low of $5.25 and a 1 year high of $18.00. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.66 and a quick ratio of 0.66.

Navios Maritime Acquisition (NYSE:NNA) last posted its quarterly earnings data on Tuesday, November 6th. The shipping company reported ($2.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.10) by ($0.15). Navios Maritime Acquisition had a negative net margin of 45.63% and a negative return on equity of 17.90%. The company had revenue of $32.03 million during the quarter, compared to the consensus estimate of $37.81 million. Research analysts expect that Navios Maritime Acquisition will post -7.8 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Tuesday, November 27th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Monday, November 26th. Navios Maritime Acquisition’s dividend payout ratio is currently -4.44%.

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC bought a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $853,000. Paloma Partners Management Co bought a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $245,000. Finally, LMR Partners LLP bought a new stake in shares of Navios Maritime Acquisition during the 2nd quarter worth approximately $141,000.

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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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