Navios Maritime Acquisition Co. (NYSE:NNA) Short Interest Update

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Navios Maritime Acquisition Co. (NYSE:NNA) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 22,000 shares, a decrease of 45.8% from the May 30th total of 40,600 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 39,700 shares, the short-interest ratio is presently 0.6 days.

NYSE:NNA traded up $0.01 on Friday, hitting $6.39. The stock had a trading volume of 36,301 shares, compared to its average volume of 30,112. The company’s fifty day moving average price is $6.47. The company has a market cap of $84.73 million, a P/E ratio of -0.84 and a beta of 2.45. The company has a debt-to-equity ratio of 3.11, a quick ratio of 1.83 and a current ratio of 1.83. Navios Maritime Acquisition has a 52 week low of $2.90 and a 52 week high of $9.39.

Navios Maritime Acquisition (NYSE:NNA) last announced its quarterly earnings results on Monday, May 13th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.67. The business had revenue of $72.35 million for the quarter, compared to analyst estimates of $61.81 million. Navios Maritime Acquisition had a negative return on equity of 15.15% and a negative net margin of 27.89%. As a group, analysts anticipate that Navios Maritime Acquisition will post -0.99 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Wednesday, May 29th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $1.20 annualized dividend and a yield of 18.78%. Navios Maritime Acquisition’s payout ratio is currently -15.83%.

Several research analysts have issued reports on the company. Citigroup cut their price target on GrafTech International from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 1st. ValuEngine upgraded Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Zacks Investment Research lowered Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th.

Navios Maritime Acquisition Company Profile

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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