Short Interest in National Holdings Co. (NASDAQ:NHLD) Grows By 8.4%

National Holdings Co. (NASDAQ:NHLD) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 19,300 shares, a growth of 8.4% from the September 30th total of 17,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 8,200 shares, the days-to-cover ratio is currently 2.4 days.

A hedge fund recently raised its stake in National stock. Equitec Specialists LLC boosted its holdings in National Holdings Co. (NASDAQ:NHLD) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 399,693 shares of the financial services provider’s stock after acquiring an additional 14,855 shares during the quarter. Equitec Specialists LLC owned about 3.06% of National worth $1,095,000 as of its most recent SEC filing. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NHLD opened at $2.73 on Monday. The business’s 50-day moving average price is $2.67 and its 200 day moving average price is $2.71. National has a 1-year low of $2.17 and a 1-year high of $3.70.

National (NASDAQ:NHLD) last issued its quarterly earnings results on Thursday, August 15th. The financial services provider reported $0.02 earnings per share for the quarter. The firm had revenue of $50.78 million for the quarter. National had a negative return on equity of 7.53% and a negative net margin of 1.81%.

About National

National Holdings Corp. engages in the provision of investment banking services. It operates through two segment: Brokerage and Advisory Services and Tax and Accounting Services. The Brokerage and Advisory Services segment offers mortgage brokerage solutions and insurance products. The Tax and Accounting Services segment includes tax preparation and accounting services.

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