Nomura Holdings Inc ADR (NYSE:NMR) Shares Shorted: Short Interest Up 59.6% in September

Nomura Holdings Inc ADR (NYSE:NMR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,742,567 shares, a growth of 59.6% from the September 15th total of 1,092,009 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 664,564 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Nomura from a “hold” rating to a “buy” rating in a research note on Sunday, October 4th. Bank of America upgraded shares of Nomura from a “neutral” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Thursday, June 25th. Nomura raised shares of Nomura to a “buy” rating and set a $10.20 price target on the stock in a report on Thursday, June 25th. Weiss Ratings raised shares of Nomura from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Zacks Research raised Nomura from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat, Nomura presently has an average rating of “Buy” and an average price target of $10.20.

Nomura Stock Performance

NYSE:NMR opened at $9.23 on Friday. The company has a market cap of $27.09 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.05 and a beta of 0.74. The company’s 50-day moving average price is $9.98 and its 200-day moving average price is $9.15. Nomura has a twelve month low of $6.88 and a twelve month high of $10.94. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 8.06.

Nomura (NYSE:NMR) last posted its quarterly earnings results on Tuesday, June 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter. Nomura had a return on equity of 10.42% and a net margin of 8.09%. The business had revenue of $4.19 billion during the quarter. On average, sell-side analysts forecast that Nomura will post 0.98 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nomura

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMR. Renaissance Technologies LLC boosted its position in shares of Nomura by 27.0% during the 1st quarter. Renaissance Technologies LLC now owns 2,312,237 shares of the financial services provider’s stock valued at $18,244,000 after acquiring an additional 491,400 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Nomura by 18.4% during the first quarter. Quantinno Capital Management LP now owns 2,547,208 shares of the financial services provider’s stock worth $20,097,000 after purchasing an additional 395,656 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Nomura by 236.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 166,873 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 117,233 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Nomura by 227.7% in the second quarter. Vise Technologies Inc. now owns 153,947 shares of the financial services provider’s stock valued at $1,352,000 after purchasing an additional 106,974 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Nomura in the 2nd quarter valued at about $836,000. Institutional investors and hedge funds own 15.14% of the company’s stock.

Nomura Company Profile

Nomura Holdings, Inc is a Japan-based financial services group headquartered in Tokyo. Through its subsidiaries, including Nomura Securities Co, Ltd., the company provides investment, financing and advisory services to individuals, corporations, financial institutions and governments.

Nomura’s principal businesses include retail wealth management, investment management and wholesale services. Its wholesale operations offer investment banking, equity and fixed-income sales and trading, research, securities underwriting, mergers and acquisitions advice, and other capital-markets services.