Short Interest in Navios Maritime Containers LP (NASDAQ:NMCI) Declines By 8.9%

Navios Maritime Containers LP (NASDAQ:NMCI) was the target of a significant decline in short interest in November. As of November 29th, there was short interest totalling 289,300 shares, a decline of 8.9% from the November 14th total of 317,600 shares. Based on an average daily trading volume, of 66,600 shares, the days-to-cover ratio is currently 4.3 days. Currently, 1.4% of the company’s shares are sold short.

A number of large investors have recently added to or reduced their stakes in the stock. Magnetar Financial LLC purchased a new position in Navios Maritime Containers in the second quarter valued at $198,000. Morgan Stanley boosted its holdings in Navios Maritime Containers by 2,916.7% in the second quarter. Morgan Stanley now owns 132,827 shares of the company’s stock valued at $258,000 after purchasing an additional 128,424 shares during the period. JPMorgan Chase & Co. boosted its holdings in Navios Maritime Containers by 29.9% in the second quarter. JPMorgan Chase & Co. now owns 556,062 shares of the company’s stock valued at $1,057,000 after purchasing an additional 128,090 shares during the period. Finally, Brave Asset Management Inc. boosted its holdings in Navios Maritime Containers by 40.0% in the second quarter. Brave Asset Management Inc. now owns 42,009 shares of the company’s stock valued at $82,000 after purchasing an additional 12,009 shares during the period. Hedge funds and other institutional investors own 33.15% of the company’s stock.

Separately, ValuEngine raised Navios Maritime Containers from a “sell” rating to a “hold” rating in a research note on Tuesday.

NASDAQ:NMCI traded up $0.03 during midday trading on Friday, reaching $1.65. The company had a trading volume of 93,853 shares, compared to its average volume of 151,696. The firm has a market capitalization of $55.02 million and a price-to-earnings ratio of 7.95. The stock’s fifty day simple moving average is $1.81 and its 200-day simple moving average is $1.97. Navios Maritime Containers has a 12-month low of $1.56 and a 12-month high of $4.30. The company has a current ratio of 0.42, a quick ratio of 0.36 and a debt-to-equity ratio of 1.10.

Navios Maritime Containers (NASDAQ:NMCI) last released its earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $37.03 million during the quarter. Navios Maritime Containers had a return on equity of 3.77% and a net margin of 3.16%.

Navios Maritime Containers Company Profile

Navios Maritime Containers L.P. owns and operates containerships in Asia and Europe. As of March 6, 2019, it owned a fleet of 30 vessels. The company was founded in 2017 and is based in Monte Carlo, Monaco.

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