The stock is trading at $1.81 which is slightly above the 50 day moving average of $1.71 and a great deal higher than the 200 day moving average of $1.46. The 50 day moving average went up by +5.87% and the 200 day average went up $0.35 or +23.56%. (NYSE:NM) shares saw light trading volume with 29K shares changing hands on Tuesday. Volume was down 95.65% under the stocks average daily volume.
Investors are feeling more bearish on Navios Maritime Holdings Inc. of late looking at the increase in short interest. The stock had a rise in short interest from September 15, 2017 to September 29, 2017 of 8.93%. Short interest grew from 4,737,595 to 5,160,793 over that period. The short-interest ratio increased to 10.0 and the percentage of shorted shares was 0.04% on September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Apriem Advisors had acquired a total of 5,000 shares growing its stake by 8.3%. The value of the investment in Navios Maritime Holdings Inc. decreased from $112,000 to $89,000 decreasing 20.5% for the reporting period. As of the end of the quarter Ubs Group Ag had bought 15,617 shares growing its holdings by 214.4%. The value of the investment in (NM) went from $14,000 to $31,000 a change of $17,000 quarter over quarter.
As of quarter end Bluecrest Capital Management Ltd had bought a total of 13,673 shares growing its position 38.2%. The value of the total investment in Navios Maritime Holdings Inc. went from $67,000 to $68,000 a change of 1.5% quarter to quarter. Cubist Systematic Strategies, LLC cut its ownership by selling 34,391 shares a decrease of 28.5% in the quarter. Cubist Systematic Strategies, LLC controls 86,369 shares worth $118,000. The total value of its holdings decreased 47.8%.
In the latest earnings report the EPS was $-2.88 and is estimated to be $-0.94 for the current year with 116,051,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.11 and the next full year EPS is anticipated to be $-0.19.
Navios Maritime Holdings Inc. (Navios Holdings), launched on November 19, 2002, is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. The Company operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Maritime Partners L.P. (Navios Partners), Navios Maritime Acquisition Corporation (Navios Acquisition), Navios Maritime Midstream Partners L.P. (Navios Midstream), Navios Europe Inc. (Navios Europe I) and Navios Europe (II) Inc. (Navios Europe II)..