NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Down 70.9% in February

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 29,742 shares, a decrease of 70.9% from the January 29th total of 102,364 shares. Based on an average trading volume of 232,788 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 232,788 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NTT currently has an average rating of “Hold”.

NTT Stock Up 0.2%

OTCMKTS NTTYY opened at $24.39 on Friday. The company’s fifty day moving average is $24.99 and its two-hundred day moving average is $25.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.92 and a current ratio of 0.59. NTT has a 52-week low of $22.80 and a 52-week high of $28.70.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. NTT had a net margin of 7.66% and a return on equity of 10.50%. The company had revenue of $23.29 billion during the quarter, compared to the consensus estimate of $23.07 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.