Can Nicholas Financial Incorporated (NASDAQ:NICK)’s Tomorrow be Different? The Stock Had Increase in Shorts

July 18, 2017 - By Dolores Ford

 Can Nicholas Financial Incorporated (NASDAQ:NICK)’s Tomorrow be Different? The Stock Had Increase in Shorts

Investors sentiment decreased to 0.87 in Q4 2016. Its down 0.22, from 1.09 in 2016Q3. It turned negative, as 4 investors sold Nicholas Financial, Inc. shares while 11 reduced holdings. 3 funds opened positions while 10 raised stakes. 3.00 million shares or 20.89% more from 2.48 million shares in 2016Q3 were reported.
Deutsche State Bank Ag invested 0% of its portfolio in Nicholas Financial, Inc. (NASDAQ:NICK). Geode Capital Mgmt Limited Liability Co has 0% invested in Nicholas Financial, Inc. (NASDAQ:NICK). Blackrock Institutional Trust Na has invested 0% in Nicholas Financial, Inc. (NASDAQ:NICK). Css Ltd Liability Il has 12,961 shares. Bancorporation Of New York Mellon holds 0% of its portfolio in Nicholas Financial, Inc. (NASDAQ:NICK) for 10,557 shares. Moreover, Millennium Mngmt Ltd Com has 0% invested in Nicholas Financial, Inc. (NASDAQ:NICK) for 10,229 shares. The New York-based Tower Rech Ltd Liability Com (Trc) has invested 0% in Nicholas Financial, Inc. (NASDAQ:NICK). Willis Investment Counsel owns 97,325 shares or 0.09% of their US portfolio. Northern Trust Corp reported 20,357 shares. 230 are owned by Mufg Americas. Blackrock Fund Advsrs has invested 0% in Nicholas Financial, Inc. (NASDAQ:NICK). Connor Clark Lunn Mgmt Ltd reported 0% of its portfolio in Nicholas Financial, Inc. (NASDAQ:NICK). Highlander Cap Mngmt Ltd Llc reported 0.21% in Nicholas Financial, Inc. (NASDAQ:NICK). Blackrock Invest Ltd Limited Liability Company accumulated 0% or 1,264 shares. Oxford Asset Management reported 13,162 shares.

Since January 20, 2017, it had 10 insider buys, and 0 selling transactions for $2.52 million activity. MAGNOLIA CAPITAL FUND – LP bought $78,238 worth of stock.

The stock of Nicholas Financial Incorporated (NASDAQ:NICK) registered an increase of 28.3% in short interest. NICK’s total short interest was 109,700 shares in July as published by FINRA. Its up 28.3% from 85,500 shares, reported previously. With 11,100 shares average volume, it will take short sellers 10 days to cover their NICK’s short positions. The short interest to Nicholas Financial Incorporated’s float is 1.91%.

The stock decreased 4.18% or $0.39 on July 17, reaching $8.95. About shares traded. Nicholas Financial, Inc. (NASDAQ:NICK) has declined 21.19% since July 18, 2016 and is downtrending. It has underperformed by 37.89% the S&P500.

Nicholas Financial, Inc. is a holding company. The company has market cap of $113.58 million. The Company’s business activities are conducted through its subsidiary, Nicholas Financial, Inc. (Nicholas Financial). It has a 12.95 P/E ratio. Nicholas Financial is a specialized consumer finance firm engaged primarily in acquiring and servicing automobile finance installment contracts (Contracts) for purchases of new and used automobiles and light trucks.

More recent Nicholas Financial, Inc. (NASDAQ:NICK) news were published by: Globenewswire.com which released: “Nicholas Financial Reports 3rd Quarter Results” on February 02, 2017. Also Reuters.com published the news titled: “BRIEF-Nicholas Financial Inc quarterly revenue $22.9 million” on May 17, 2017. Nasdaq.com‘s news article titled: “Nicholas Financial Inc (NICK) Files 10-K for the Fiscal Year Ended on March 31 …” with publication date: June 14, 2017 was also an interesting one.

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