Navios Maritime Holdings (NYSE:NM), According to the latest information the short interest in Navios Maritime Holdings Inc plummeted by 5.5% or 482,032 shares. The final shorts are 10% of the total floated shares. The positions dropped from 8,836,482 shares on May 31,2016 to 8,354,450 on June 15,2016. According to the per-day average trading of 713,128 shares, the days to cover are 12. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Navios Maritime Holdings (NYSE:NM): The stock opened at $0.92 on Friday but the bulls could not build on the opening and the stock topped out at $0.93 for the day. The stock traded down to $0.83 during the day, due to lack of any buying support eventually closed down at $0.83 with a loss of -14.07% for the day. The stock had closed at $0.96 on the previous day. The total traded volume was 9,195,102 shares.
The company shares have dropped -78.04% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $4.51 and the one year low was seen on May 24, 2016. The 50-Day Moving Average price is $0.93 and the 200 Day Moving Average price is recorded at $1.10.
Navios Maritime Holdings (NYSE:NM) has tumbled 16.63% during the past week and has dropped 21.04% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 15.25%. Navios Maritime Holdings (NYSE:NM) has underperformed the index by 18.65% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Navios Maritime Holdings Inc. (Navios Holdings) 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. Navios Holdings 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 the Companys 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 Partners, Navios Acquisition, Navios Midstream and Navios Europe. The Companys fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.