Nomura Holdings Inc ADR (NYSE:NMR) Stock Short Interest Jumps 59.6%

Key Points

• Nomura’s short interest jumped 59.6% to 1.74 million shares as of September 30, representing 0.1% of shares outstanding and 2.6 days of average trading volume.
• Shares rose 1.0% to $9.38, while Nomura reported quarterly revenue of $4.19 billion and earnings per share of $0.30; analysts expect $0.98 in full-year EPS.
• Analyst sentiment is broadly positive: Nomura has a consensus “Buy” rating from five analysts and an average price target of $10.20, implying upside from the reported share price.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 1,742,567 shares, an increase of 59.6% from the September 15th total of 1,092,009 shares. Based on an average daily volume of 664,564 shares, the short-interest ratio is presently 2.6 days. Currently, 0.1% of the shares of the stock are short sold.

Nomura Stock Up 1.0%

Shares of NMR traded up $0.10 on Friday, reaching $9.38. The company's stock had a trading volume of 61,598 shares, compared to its average volume of 1,369,155. Nomura has a twelve month low of $6.88 and a twelve month high of $10.94. The stock has a market capitalization of $27.50 billion, a PE ratio of 10.91, a PEG ratio of 1.05 and a beta of 0.74. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06. The firm has a fifty day moving average of $9.99 and a 200-day moving average of $9.15.

Nomura (NYSE:NMR - Get Free Report) last posted its earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. The company had revenue of $4.19 billion for the quarter. Equities analysts predict that Nomura will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NMR shares. Wall Street Zen upgraded Nomura from a "hold" rating to a "buy" rating in a report on Sunday, October 4th. Weiss Ratings raised Nomura from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Nomura upgraded Nomura to a "buy" rating and set a $10.20 price target on the stock in a research report on Thursday, June 25th. Bank of America raised Nomura from a "neutral" rating to a "buy" rating and set a $10.20 price target for the company in a research note on Thursday, June 25th. Finally, Zacks Research upgraded Nomura from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company's stock. According to MarketBeat, Nomura has a consensus rating of "Buy" and an average price target of $10.20.

Institutional Investors Weigh In On Nomura

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of Nomura by 17,760.0% in the 3rd quarter. Mather Group LLC. now owns 4,465 shares of the financial services provider's stock worth $44,000 after buying an additional 4,440 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Nomura by 9.9% in the 3rd quarter. GAMMA Investing LLC now owns 31,851 shares of the financial services provider's stock worth $312,000 after buying an additional 2,879 shares during the period. Farther Finance Advisors LLC grew its stake in Nomura by 25.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,664 shares of the financial services provider's stock valued at $104,000 after buying an additional 2,138 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Nomura by 20.9% in the 3rd quarter. Valeo Financial Advisors LLC now owns 18,241 shares of the financial services provider's stock valued at $178,000 after buying an additional 3,153 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in Nomura by 5.4% in the 2nd quarter. QRG Capital Management Inc. now owns 75,981 shares of the financial services provider's stock valued at $667,000 after buying an additional 3,910 shares in the last quarter. Hedge funds and other institutional investors own 15.14% of the company's stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura's principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.

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