Navios Maritime Holdings Inc. (NYSE:NM) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 345,100 shares, a drop of 7.9% from the May 30th total of 374,600 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average trading volume of 164,900 shares, the short-interest ratio is currently 2.1 days.

NM has been the subject of several research reports. Zacks Investment Research raised York Water from a “sell” rating to a “hold” rating in a research report on Saturday, June 1st. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd.

NM stock traded down $0.12 during midday trading on Monday, hitting $4.95. The stock had a trading volume of 2,565 shares, compared to its average volume of 82,963. The firm has a market capitalization of $59.37 million, a price-to-earnings ratio of -0.73 and a beta of 3.02. Navios Maritime has a 52 week low of $1.69 and a 52 week high of $8.95. The stock’s 50-day simple moving average is $3.81. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 4.07.

Navios Maritime (NYSE:NM) last issued its quarterly earnings data on Tuesday, May 28th. The shipping company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.76) by $2.57. The company had revenue of $140.28 million during the quarter, compared to analysts’ expectations of $150.57 million. Navios Maritime had a negative return on equity of 11.37% and a negative net margin of 44.04%.

About Navios Maritime

Navios Maritime Holdings Inc operates as a seaborne shipping and logistics company in North America, Europe, Asia, South America, and internationally. The company focuses on the transportation and transshipment of dry bulk commodities, including iron ores, coal, and grains. It operates through three segments: Dry Bulk Vessel Operations, Logistics Business, and Containers Business.

Further Reading: What is a blue-chip stock?

Receive News & Ratings for Navios Maritime Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navios Maritime and related companies with MarketBeat.com's FREE daily email newsletter.