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

Nomura Holdings Inc ADR (NYSE:NMR) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 2,059,044 shares, a drop 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 short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of analysts recently commented on NMR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Nomura in a report on Monday, December 29th. JPMorgan Chase & Co. upgraded shares of Nomura from a “neutral” rating to an “overweight” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. AlphaCore Capital LLC increased its stake in shares of Nomura by 511.7% in the third quarter. AlphaCore Capital LLC now owns 144,264 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 120,680 shares during the period. Donald Smith & CO. Inc. increased 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 period. Fisher Asset Management LLC lifted its holdings in shares of Nomura by 0.3% during 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 during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Nomura in the third quarter valued at approximately $768,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in shares of Nomura in the third quarter worth $768,000. 15.14% of the stock is owned by institutional investors and hedge funds.

Nomura Stock Performance

Shares of NMR stock opened at $7.58 on Friday. The company has a market capitalization of $22.22 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.76 and a beta of 0.67. Nomura has a 1-year low of $4.86 and a 1-year high of $9.58. The company has a current ratio of 1.12, a quick ratio of 1.13 and a debt-to-equity ratio of 7.54. The stock’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $7.99.

Nomura (NYSE:NMR) last issued its earnings results on Friday, January 30th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). Nomura had a net margin of 7.81% and a return on equity of 9.88%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.25 billion. On average, sell-side analysts predict that Nomura will post 0.76 earnings per share for the current fiscal year.

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.