Nomura Holdings, Inc. (NYSE:NMR) Sees Large Drop in Short Interest

Nomura Holdings, Inc. (NYSE:NMR) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 686,100 shares, a decrease of 73.8% from the September 15th total of 2,620,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 888,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Nomura

Institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Nomura in the 2nd quarter worth about $4,608,000. Leuthold Group LLC bought a new position in Nomura in the second quarter valued at about $4,344,000. Goldman Sachs Group Inc. increased its holdings in Nomura by 21.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,933,656 shares of the financial services provider’s stock valued at $17,741,000 after buying an additional 689,849 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Nomura by 98.7% during the second quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider’s stock valued at $2,474,000 after purchasing an additional 212,599 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Nomura during the second quarter valued at approximately $1,140,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on Nomura in a research report on Thursday, August 29th. They set a “neutral” rating on the stock. StockNews.com lowered shares of Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 5th.

Nomura Price Performance

NMR stock remained flat at $5.34 during mid-day trading on Thursday. The company’s stock had a trading volume of 433,762 shares, compared to its average volume of 2,136,014. The company has a 50-day moving average price of $5.47 and a two-hundred day moving average price of $5.80. The company has a quick ratio of 1.16, a current ratio of 1.11 and a debt-to-equity ratio of 7.24. The stock has a market capitalization of $15.85 billion, a P/E ratio of 14.42 and a beta of 0.62. Nomura has a 1-year low of $3.75 and a 1-year high of $6.62.

Nomura (NYSE:NMR) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. Nomura had a return on equity of 6.09% and a net margin of 5.61%. The firm had revenue of $7.81 billion during the quarter.

Nomura Company Profile

Nomura Holdings, Inc provides various financial services to individuals, corporations, financial institutions, governments, and governmental agencies worldwide. It operates through three segments: Retail, Investment Management, and Wholesale. The Retail segment offers various financial products and investment consultation services.