Navios Maritime Acquisition Co. (NNA) Sees Large Decrease in Short Interest

Navios Maritime Acquisition Co. (NYSE:NNA) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 237,868 shares, a decline of 70.8% from the October 31st total of 815,781 shares. Based on an average daily trading volume, of 57,864 shares, the short-interest ratio is currently 4.1 days. Currently, 6.0% of the company’s stock are sold short.

A number of institutional investors have recently modified their holdings of NNA. Millennium Management LLC bought a new stake in Navios Maritime Acquisition during the second quarter worth $853,000. Paloma Partners Management Co bought a new stake in Navios Maritime Acquisition during the second quarter worth $245,000. Finally, LMR Partners LLP bought a new stake in Navios Maritime Acquisition during the second quarter worth $141,000.

Several brokerages recently issued reports on NNA. ValuEngine cut Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research lowered Navios Maritime Acquisition from a “hold” rating to a “sell” rating in a report on Friday, August 31st.

Shares of Navios Maritime Acquisition stock opened at $6.92 on Wednesday. The firm has a market cap of $65.94 million, a P/E ratio of -3.84 and a beta of 1.23. Navios Maritime Acquisition has a 12 month low of $5.25 and a 12 month high of $19.95. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.66 and a current ratio of 0.66.

Navios Maritime Acquisition (NYSE:NNA) last issued its quarterly earnings results on Tuesday, November 6th. The shipping company reported ($2.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.10) by ($0.15). The business had revenue of $32.03 million for the quarter, compared to the consensus estimate of $37.81 million. Navios Maritime Acquisition had a negative return on equity of 17.33% and a negative net margin of 45.63%. Research analysts anticipate that Navios Maritime Acquisition will post -7.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Tuesday, November 27th will be issued a dividend of $0.02 per share. The ex-dividend date is Monday, November 26th. This represents a $0.08 dividend on an annualized basis and a yield of 1.16%. Navios Maritime Acquisition’s dividend payout ratio (DPR) is currently -4.44%.

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About Navios Maritime Acquisition

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. It charters its vessels to oil companies, refiners, and large vessel operators under long, medium, and short term charters.

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