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

Nomura Holdings, Inc. (NYSE:NMR) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 578,100 shares, a drop of 54.8% from the October 31st total of 1,280,000 shares. Based on an average daily trading volume, of 791,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Nomura Stock Performance

Shares of NYSE:NMR traded down $0.04 on Thursday, hitting $5.93. The company had a trading volume of 508,764 shares, compared to its average volume of 1,924,901. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 0.45 and a beta of 0.61. The stock has a 50 day moving average price of $5.53 and a 200 day moving average price of $5.69. Nomura has a 1-year low of $4.03 and a 1-year high of $6.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.19.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NMR. Bank of America started coverage on shares of Nomura in a research report on Tuesday, October 22nd. They set a “neutral” rating on the stock. StockNews.com cut Nomura from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. started coverage on Nomura in a research note on Thursday, August 29th. They issued a “neutral” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMR. Acadian Asset Management LLC acquired a new position in shares of Nomura in the second quarter valued at approximately $1,140,000. Envestnet Asset Management Inc. grew its holdings in Nomura by 98.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 427,944 shares of the financial services provider’s stock valued at $2,474,000 after buying an additional 212,599 shares in the last quarter. Millennium Management LLC bought a new position in Nomura during the 2nd quarter worth $4,608,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Nomura during the second quarter worth $118,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Nomura by 89.2% in the first quarter. Russell Investments Group Ltd. now owns 26,107 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 12,309 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

About Nomura

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.