Navios Maritime Containers LP (NASDAQ:NMCI) Short Interest Up 6.2% in July

Navios Maritime Containers LP (NASDAQ:NMCI) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 306,000 shares, an increase of 6.2% from the June 30th total of 288,100 shares. Based on an average trading volume of 30,300 shares, the short-interest ratio is presently 10.1 days. Currently, 0.9% of the company’s stock are short sold.

Shares of NASDAQ:NMCI traded down $0.05 during trading on Thursday, hitting $1.81. The company’s stock had a trading volume of 37,600 shares, compared to its average volume of 93,353. The business has a 50 day moving average price of $2.11 and a two-hundred day moving average price of $2.16. The company has a market capitalization of $61.93 million and a PE ratio of 3.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.49 and a current ratio of 0.52. Navios Maritime Containers has a fifty-two week low of $1.72 and a fifty-two week high of $4.85.

Navios Maritime Containers (NASDAQ:NMCI) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.18). The business had revenue of $33.68 million during the quarter. Navios Maritime Containers had a return on equity of 4.53% and a net margin of 4.11%.

Several hedge funds have recently modified their holdings of NMCI. Morgan Stanley grew its stake in shares of Navios Maritime Containers by 2,916.7% during the second quarter. Morgan Stanley now owns 132,827 shares of the company’s stock worth $258,000 after purchasing an additional 128,424 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Navios Maritime Containers by 29.9% during the second quarter. JPMorgan Chase & Co. now owns 556,062 shares of the company’s stock worth $1,057,000 after purchasing an additional 128,090 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Navios Maritime Containers during the first quarter worth $96,000. Finally, Brave Asset Management Inc. acquired a new position in shares of Navios Maritime Containers during the first quarter worth $72,000. Hedge funds and other institutional investors own 31.32% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Navios Maritime Containers from a “hold” rating to a “sell” rating in a research note on Thursday, June 20th.

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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