Shares last traded at $1.82 a bit higher than the 50 day moving average which is $1.73 and which is quite a bit above the 200 day moving average of $1.46. The 50 day moving average was up by +4.92% and the 200 day average went up $0.36 or +24.31%. Navios Maritime Holdings Inc. shares had a trading volume of 304K by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 36.97% under the normal average daily volume.
Investors are feeling more bullish on shares of the company recently if you pay attention to the fall in short interest. The company experienced a fall in short interest from September 29, 2017 to October 13, 2017 of -7.14%. Short interest decreased 368,496 over that period. The days to cover increased to 13.0 and the percentage of shorted shares was 0.04% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (NM). As of the end of the quarter Ubs Group Ag had acquired 15,617 shares growing its holdings by 214.4%. The value of the investment in (NM) increased from $14,000 to $31,000 increasing 121.4% quarter to quarter. Bluecrest Capital Management Ltd grew its position by buying 13,673 shares an increase of 38.2%. Bluecrest Capital Management Ltd owns 49,493 shares with a value of $68,000. The total value of its holdings increased 1.5%.
Cubist Systematic Strategies, LLC divested its investment by shedding 34,391 shares a decrease of 28.5% from 03/31/2017 to 06/30/2017. Cubist Systematic Strategies, LLC currently owns 86,369 shares valued at $118,000. The value of the position overall is down by 47.8%. As of quarter end Simplex Trading, LLC had sold a total of 5,299 shares trimming its stake by 10.7%. The value in dollars went from $67,000 to $73,000 a change of 9.0% quarter over quarter.
In the last earnings report the EPS was $-2.88 and is expected to be $-0.94 for the current year with 116,051,000 shares outstanding. Next quarter’s EPS is forecasted at $-0.09 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)..