Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Update

by · The Markets Daily

Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 120,900 shares, a decline of 57.3% from the September 30th total of 283,100 shares. Based on an average trading volume of 1,733,500 shares, the days-to-cover ratio is presently 0.1 days.

Nintendo Stock Performance

Shares of OTCMKTS:NTDOY traded down $0.12 on Friday, hitting $13.11. The stock had a trading volume of 390,321 shares, compared to its average volume of 861,069. The firm’s 50 day moving average price is $13.46 and its 200-day moving average price is $13.26. Nintendo has a twelve month low of $10.06 and a twelve month high of $15.01. The company has a market capitalization of $68.10 billion, a price-to-earnings ratio of 17.96 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.71 billion. Nintendo had a net margin of 26.75% and a return on equity of 15.34%. As a group, sell-side analysts predict that Nintendo will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Nintendo

Hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. raised its position in shares of Nintendo by 10.7% during the second quarter. Fulton Bank N.A. now owns 12,681 shares of the company’s stock worth $169,000 after acquiring an additional 1,223 shares during the last quarter. O Brien Greene & Co. Inc raised its holdings in Nintendo by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after purchasing an additional 995 shares during the last quarter. Appleton Partners Inc. MA lifted its position in Nintendo by 0.6% during the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after purchasing an additional 780 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Nintendo in the 3rd quarter valued at about $99,000. Finally, ORG Partners LLC acquired a new stake in shares of Nintendo during the 1st quarter worth approximately $110,000. Institutional investors own 0.02% of the company’s stock.

Analysts Set New Price Targets

NTDOY has been the subject of a number of research analyst reports. Wolfe Research raised shares of Nintendo to a “hold” rating in a research report on Sunday, September 22nd. TD Cowen initiated coverage on Nintendo in a research report on Monday, October 7th. They issued a “buy” rating for the company.

View Our Latest Report on NTDOY

About Nintendo

(Get Free Report)

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.

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