NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Up 77.2% in December

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 79,525 shares, a growth of 77.2% from the November 30th total of 44,872 shares. Based on an average daily volume of 268,447 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 268,447 shares, the days-to-cover ratio is presently 0.3 days.

NTT Stock Performance

OTCMKTS:NTTYY opened at $25.39 on Friday. The firm has a 50-day moving average of $25.07 and a two-hundred day moving average of $25.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $86.57 billion, a P/E ratio of 12.03 and a beta of 0.10. NTT has a 1-year low of $22.80 and a 1-year high of $28.70.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. NTT had a return on equity of 9.87% and a net margin of 7.52%.The firm had revenue of $22.78 billion during the quarter, compared to the consensus estimate of $23.48 billion.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.