Nomura Holdings Inc ADR (NMR) Short Interest Down 47.0% in November

Nomura Holdings Inc ADR (NYSE:NMR) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 596,725 shares, a decline of 47.0% from the October 31st total of 1,125,936 shares. Based on an average daily volume of 278,289 shares, the days-to-cover ratio is presently 2.1 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new position in shares of Nomura during the 2nd quarter valued at approximately $100,000. Conning Inc. grew its position in Nomura by 59.2% in the 3rd quarter. Conning Inc. now owns 28,450 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 10,575 shares during the last quarter. CIBC World Markets Inc. grew its position in Nomura by 4.6% in the 2nd quarter. CIBC World Markets Inc. now owns 26,527 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,159 shares during the last quarter. Sei Investments Co. grew its position in Nomura by 39.0% in the 2nd quarter. Sei Investments Co. now owns 29,019 shares of the financial services provider’s stock valued at $175,000 after acquiring an additional 8,145 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in Nomura by 34.0% in the 2nd quarter. Ballentine Partners LLC now owns 35,015 shares of the financial services provider’s stock valued at $208,000 after acquiring an additional 8,880 shares during the last quarter. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

Nomura (NMR) opened at $5.94 on Wednesday. The firm has a market capitalization of $22,361.99, a P/E ratio of 9.75 and a beta of 1.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 5.60. Nomura has a 12-month low of $5.28 and a 12-month high of $6.80.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Nomura from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a research report on Thursday, August 24th. ValuEngine downgraded Nomura from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Nomura has an average rating of “Hold” and an average price target of $6.25.

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Nomura Company Profile

Nomura Holdings, Inc (Nomura) is a financial services company. The Company, through its broker-dealer, banking and other financial services subsidiaries, provide investment, financing and related services to individual, institutional and government clients across the world. The Company’s segments include Retail, Asset Management and Wholesale.

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