Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Drops By 93.6%

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 11,575 shares, a decrease of 93.6% from the December 31st total of 181,650 shares. Based on an average daily volume of 286,621 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 286,621 shares, the short-interest ratio is presently 0.0 days.

NTT Price Performance

Shares of NTTYY traded down $0.03 during mid-day trading on Wednesday, hitting $25.23. 83,084 shares of the company’s stock were exchanged, compared to its average volume of 137,068. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 0.98. NTT has a twelve month low of $22.80 and a twelve month high of $28.70. The firm has a fifty day moving average of $24.99 and a two-hundred day moving average of $25.77.

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

About NTT

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.