Will Nii Holdings Incorporated (NASDAQ:NIHD) Run Out of Steam Soon? Short Interest is Up

July 18, 2017 - By Louis Casey

 Will Nii Holdings Incorporated (NASDAQ:NIHD) Run Out of Steam Soon? Short Interest is Up

The stock of Nii Holdings Incorporated (NASDAQ:NIHD) registered an increase of 19.56% in short interest. NIHD’s total short interest was 7.71M shares in July as published by FINRA. Its up 19.56% from 6.45 million shares, reported previously. With 3.68 million shares average volume, it will take short sellers 2 days to cover their NIHD’s short positions. The short interest to Nii Holdings Incorporated’s float is 8.36%.

The stock increased 1.16% or $0.007 on July 17, reaching $0.6. About shares traded. NII Holdings, Inc. (NASDAQ:NIHD) has declined 81.72% since July 18, 2016 and is downtrending. It has underperformed by 98.42% the S&P500.

More notable recent NII Holdings, Inc. (NASDAQ:NIHD) news were published by: Seekingalpha.com which released: “NII Holdings Unlikely To Pay Off Debt This Year, Another Bankruptcy Possible” on September 30, 2016, also Seekingalpha.com with their article: “NII Holdings +74% on Nextel Brazil deal with AINMT” published on June 06, 2017, Prnewswire.com published: “Board Of Directors Of NII Holdings Issues Statement” on May 17, 2017. More interesting news about NII Holdings, Inc. (NASDAQ:NIHD) were released by: Prnewswire.com and their article: “NII Holdings Reports 2016 Fourth Quarter And Year-End Results” published on March 09, 2017 as well as Nasdaq.com‘s news article titled: “NII Holdings Up 66.7% Since Earnings: Will It Continue?” with publication date: June 15, 2017.

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