Recent insider trends for National Holdings Corporation (NASDAQ:NHLD) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of NHLD, the data has some interesting implications for where the stock might be headed.
Institutions own 20.25% of National Holdings Corporation (NHLD)’s shares. The total value of these holdings, in millions, is $13. Among active positions in the latest quarter, 3 holders increased their positions by a total of 1.09 million shares, 3 holders decreased the positions by a total of 21006 shares, and 4 holders held their positions. This works out to a net increase in ownership of 1.07 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 1 holders initiated new positions by a total of 19240 shares and 2 holders exited their positions by a total of 20082 shares. This nets out to a decrease of 842 shares and is another bearish sign for NHLD.
Insider ownership increased by a total of 0 shares, which suggests that NHLD’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: ownership increased by a net of 0 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. National Holdings Corporation (NASDAQ:NHLD)’s short interest is 73100 shares, or 1.89% of the float. This represents an increase of 1,524% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that NHLD is a Strong buy, which implies that NHLD is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that National Holdings Corporation (NASDAQ:NHLD) is undervalued.