Short Interest in Nomura Holdings Inc ADR (NYSE:NMR) Grows By 42.7%

Key Points

• Short interest in Nomura ADR jumped 42.7% in March to 2,938,734 shares as of March 31, equal to a short-interest ratio of 1.3 days and about 0.1% of shares outstanding.
• Analysts' consensus is an average rating of Buy, with JPMorgan upgrading to "overweight" while Weiss Ratings maintained a "hold," indicating generally positive but mixed sentiment.
• Nomura missed Q4 EPS at $0.18 versus a $0.24 estimate but beat revenue at $3.52 billion, and the stock traded around $8.67 with a market cap near $25.4 billion.

Nomura Holdings Inc ADR (NYSE:NMR - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,938,734 shares, a growth of 42.7% from the March 15th total of 2,059,044 shares. Based on an average trading volume of 2,328,213 shares, the short-interest ratio is currently 1.3 days. Currently, 0.1% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NMR. Weiss Ratings restated a "hold (c+)" rating on shares of Nomura in a research report on Friday, April 10th. 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 assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Nomura Stock Down 0.1%

Shares of NMR stock traded down $0.01 on Thursday, reaching $8.67. 1,888,523 shares of the company were exchanged, compared to its average volume of 2,074,688. The company has a debt-to-equity ratio of 7.54, a current ratio of 1.12 and a quick ratio of 1.13. The company has a 50-day moving average of $8.40 and a 200-day moving average of $8.06. The company has a market cap of $25.42 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.23 and a beta of 0.75. Nomura has a one year low of $5.42 and a one year high of $9.58.

Nomura (NYSE:NMR - Get Free Report) last issued its earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). Nomura had a return on equity of 9.88% and a net margin of 7.81%.The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.25 billion. Analysts anticipate that Nomura will post 0.76 earnings per share for the current year.

Hedge Funds Weigh In On Nomura

A number of hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Nomura during the fourth quarter valued at about $25,000. Allworth Financial LP grew its position in Nomura by 90.7% in the 4th quarter. Allworth Financial LP now owns 3,042 shares of the financial services provider's stock worth $26,000 after purchasing an additional 1,447 shares in the last quarter. Farther Finance Advisors LLC grew its position in Nomura by 101.2% in the 4th quarter. Farther Finance Advisors LLC now owns 5,001 shares of the financial services provider's stock worth $42,000 after purchasing an additional 2,515 shares in the last quarter. Osaic Holdings Inc. increased its stake in Nomura by 1,019.0% in the 2nd quarter. Osaic Holdings Inc. now owns 6,434 shares of the financial services provider's stock valued at $42,000 after buying an additional 5,859 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in Nomura by 196.5% in the 3rd quarter. Global Retirement Partners LLC now owns 6,588 shares of the financial services provider's stock valued at $48,000 after buying an additional 4,366 shares during the last quarter. 15.14% of the stock is owned by hedge funds and other institutional investors.

Nomura Company Profile

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.

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