Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Grows By 57.2%

Nintendo Co. (OTCMKTS:NTDOY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 3,575,489 shares, a growth of 57.2% from the December 15th total of 2,274,988 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,919,656 shares, the short-interest ratio is currently 0.9 days. Based on an average trading volume of 3,919,656 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are short sold.

Nintendo Trading Up 1.5%

OTCMKTS:NTDOY traded up $0.24 on Friday, reaching $16.62. 1,689,157 shares of the stock traded hands, compared to its average volume of 2,179,960. The firm has a market capitalization of $86.34 billion, a price-to-earnings ratio of 31.36 and a beta of 0.58. Nintendo has a 1-year low of $14.50 and a 1-year high of $24.92. The company’s 50 day moving average is $18.78 and its 200-day moving average is $21.00.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a return on equity of 12.26% and a net margin of 21.10%.The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. On average, equities research analysts forecast that Nintendo will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NTDOY has been the subject of a number of research analyst reports. Freedom Capital raised shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Wolfe Research cut Nintendo from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Salomon & Ludwin LLC raised its stake in shares of Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after purchasing an additional 809 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after acquiring an additional 637 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the last quarter. Diversified Trust Co grew its stake in shares of Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares in the last quarter. Finally, Atlatl Advisers LLC purchased a new stake in shares of Nintendo in the third quarter valued at about $462,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.