Boston, MA 07\/02\/2014 (wallstreetpr) \u2013\u00a0NII Holdings Inc (NASDAQ:NIHD)<\/b> saw an increase in the short interest in the stock last month compared with the month before.<\/p>\n
According to the latest available data, short interest in the stock totaled more than 47 million shares, demonstrating an increase of 4.2 percent from May 30, during which about 45 million shares were of short interest.<\/p>\n
About 28 percent of the shares of NII Holdings Inc (NASDAQ:NIHD) are sold short.<\/p>\n
Bearish sentiments<\/b><\/p>\n
The increase in short interest in the company comes at a time when analysts have increasingly become bearish on the stock. Prominent rating firms that cover the stock have also been on the forefront of warning investors about investing in the stock. For example, Goldman Sachs Group Inc (NYSE:GS) <\/b>considers the stock a Sell. The same view is held by Citigroup Inc (NYSE:C)<\/b>, which also has a price target of $0.70 per share on the stock.<\/p>\n
The majority of the analysts at six recommend a Sell on the stock while five recommend a Hold. As such, the stock of NII Holdings Inc (NASDAQ:NIHD) bears a consensus Sell and average price target of $2.22.<\/p>\n
Enough cash<\/b><\/p>\n
Even as analysts, institutional investors and average investors appear bearish on the stock of NII Holdings Inc (NASDAQ:NIHD), the company recently stated that it has enough cash to last it till early next year.<\/p>\n
Nonetheless, the company is also soaked in debts, and even its revenue and subscriber numbers have been on a worrying decline. Perhaps that explains why some analysts have been of the thought that the company could be ripe for acquisition by a U.S. telecom company with interest in Latin America.<\/p>\n
The problems at NII Holdings Inc (NASDAQ:NIHD) came to the fore more vividly in the most recent quarter whereby the company reported a bigger loss\u00a0 in the top and bottom lines compared with the same period a year ago. As if that was not enough, the company missed Wall Street consensus estimates for the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 07\/02\/2014 (wallstreetpr) \u2013\u00a0NII Holdings Inc (NASDAQ:NIHD) saw an increase in the short interest in the stock last month compared with the month before. […]<\/p>\n","protected":false},"author":32,"featured_media":16399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1631,1865,2061,2060,1008,734],"stock_ticker":[],"class_list":["post-26988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-citigroup-inc-nysec","tag-goldman-sachs-group-inc-nysegs","tag-nasdaqnihd","tag-nii-holdings-inc-nasdaqnihd","tag-nysec","tag-nysegs","entry"],"acf":[],"yoast_head":"\n