Short Interest Update on Navios Maritime Acquisition Corporation (NNA)

Navios Maritime Acquisition Corporation (NNA) : The short interest in Navios Maritime Acquisition Corporation (NNA) has increased from 2,577,908 to 2,699,478 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 577,483 shares are traded daily in the stock and only 5 days are left for the shorts to cover. The short open interest is 4% of the total shares in the hands of the public. The shorts in the stock have gone up by 121,570 shares, which is an increase of 4.7% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Navios Maritime Acquisition Corporation (NYSE:NNA): The stock opened at $1.53 on Wednesday but the bulls could not build on the opening and the stock topped out at $1.55 for the day. The stock traded down to $1.49 during the day, due to lack of any buying support eventually closed down at $1.49 with a loss of -2.61% for the day. The stock had closed at $1.53 on the previous day. The total traded volume was 731,465 shares.


Navios Maritime Acquisition Corporation is a Monaco-based company that owns a fleet of crude oil, refined petroleum product and chemical tankers providing marine transportation services across the world. The Companys strategy is to charter its vessels to international oil companies, refiners and large vessel operators under long, medium and short-term charters. The operations of the Company are managed by Navios Maritime Holdings Inc. The Companys fleet consists of a total of approximately 39 double-hulled tanker vessels, aggregating approximately 4.1 million deadweight tons (dwt).

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