Short Interest in Nomura Holdings Inc ADR (NYSE:NMR) Decreases By 24.4%

Nomura Holdings Inc ADR (NYSE:NMR) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,059,044 shares, a decrease of 24.4% from the February 26th total of 2,725,059 shares. Based on an average daily volume of 2,896,635 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

NMR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Nomura from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nomura in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Nomura Price Performance

Shares of NYSE NMR traded up $0.28 during midday trading on Tuesday, hitting $7.90. 1,759,601 shares of the company’s stock were exchanged, compared to its average volume of 1,860,115. The business’s fifty day moving average price is $8.56 and its two-hundred day moving average price is $8.00. The company has a market cap of $23.16 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.76 and a beta of 0.67. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 7.54. Nomura has a 12-month low of $4.86 and a 12-month high of $9.58.

Nomura (NYSE:NMR) last released its quarterly earnings results on Friday, January 30th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Nomura had a return on equity of 9.88% and a net margin of 7.81%. As a group, research analysts forecast that Nomura will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Nomura

Large investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC increased its position in shares of Nomura by 511.7% during the 3rd quarter. AlphaCore Capital LLC now owns 144,264 shares of the financial services provider’s stock valued at $1,049,000 after purchasing an additional 120,680 shares during the last quarter. Donald Smith & CO. Inc. lifted its position in Nomura by 6.3% in the 2nd quarter. Donald Smith & CO. Inc. now owns 11,063,436 shares of the financial services provider’s stock worth $72,797,000 after buying an additional 650,835 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Nomura by 0.3% in the second quarter. Fisher Asset Management LLC now owns 9,829,802 shares of the financial services provider’s stock worth $64,680,000 after buying an additional 33,207 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Nomura in the third quarter worth approximately $768,000. Finally, Integrated Quantitative Investments LLC bought a new position in Nomura during the third quarter valued at approximately $768,000. Hedge funds and other institutional investors own 15.14% of the company’s stock.

About Nomura

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.