Nomura Holdings Inc ADR (NYSE:NMR) Stock Short Interest Declines 38.9%

Nomura Holdings Inc ADR (NYSE:NMR) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,065,527 shares, a decline of 38.9% from the September 30th total of 1,742,567 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 710,730 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NMR. Wall Street Zen downgraded shares of Nomura from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut shares of Nomura from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Zacks Research upgraded Nomura from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $10.20.

Institutional Investors Weigh In On Nomura

Several hedge funds have recently modified their holdings of NMR. Trust Point Inc. raised its stake in shares of Nomura by 7.0% during the second quarter. Trust Point Inc. now owns 17,495 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,140 shares during the last quarter. Abel Hall LLC increased its stake in shares of Nomura by 7.0% in the first quarter. Abel Hall LLC now owns 21,125 shares of the financial services provider’s stock valued at $167,000 after buying an additional 1,383 shares during the period. Kathmere Capital Management LLC raised its position in shares of Nomura by 11.5% during the first quarter. Kathmere Capital Management LLC now owns 16,755 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,726 shares during the last quarter. Choreo LLC lifted its stake in shares of Nomura by 3.4% in the third quarter. Choreo LLC now owns 57,598 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 1,902 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Nomura by 25.1% in the third quarter. Farther Finance Advisors LLC now owns 10,664 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 2,138 shares during the period. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Stock Performance

NMR opened at $9.39 on Friday. The firm has a market capitalization of $27.55 billion, a PE ratio of 10.92, a PEG ratio of 1.03 and a beta of 0.74. Nomura has a 52-week low of $6.88 and a 52-week high of $10.94. The business’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $9.02. The company has a debt-to-equity ratio of 7.79, a quick ratio of 2.00 and a current ratio of 1.07.

Nomura (NYSE:NMR) last issued its earnings results on Wednesday, October 28th. The financial services provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.12 billion. Nomura had a return on equity of 10.51% and a net margin of 8.06%. As a group, sell-side analysts expect that Nomura will post 1.00 earnings per share for the current fiscal year.

About Nomura

Nomura Holdings, Inc is a Japan-based financial services group that provides investment, financing, and asset management services to individuals, corporations, financial institutions, and governments. Through its businesses, the company offers securities brokerage, investment banking, capital markets, research, advisory services, wealth management, and investment management.

Nomura’s principal operations are organized around its wealth management, investment management, and wholesale divisions.