NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Up 784.4% in January

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 102,364 shares, a growth of 784.4% from the January 15th total of 11,575 shares. Based on an average daily trading volume, of 236,628 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 236,628 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut NTT from a “buy” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

NTT Trading Up 1.6%

Shares of NTTYY traded up $0.39 during midday trading on Tuesday, reaching $24.86. The stock had a trading volume of 149,257 shares, compared to its average volume of 122,685. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $25.72. NTT has a one year low of $22.80 and a one year high of $28.70.

NTT (OTCMKTS:NTTYY) last issued its earnings results on Thursday, February 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $23.29 billion during the quarter, compared to the consensus estimate of $23.07 billion. NTT had a net margin of 7.66% and a return on equity of 10.32%.

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.