Nintendo Co. (OTCMKTS:NTDOY) Sees Significant Decrease in Short Interest

Nintendo Co. (OTCMKTS:NTDOY) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,352,288 shares, a drop of 43.5% from the February 26th total of 4,165,867 shares. Based on an average daily volume of 9,012,665 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. UBS Group raised shares of Nintendo from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 4th. Zacks Research downgraded shares of Nintendo from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. China Renaissance restated a “sell” rating on shares of Nintendo in a report on Wednesday, February 4th. Finally, Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Nintendo has an average rating of “Moderate Buy”.

Nintendo Trading Down 0.1%

OTCMKTS NTDOY traded down $0.02 during mid-day trading on Friday, hitting $14.09. The company’s stock had a trading volume of 3,320,195 shares, compared to its average volume of 3,742,844. The firm has a market capitalization of $73.19 billion, a price-to-earnings ratio of 24.72 and a beta of 0.57. The company’s 50 day simple moving average is $14.83 and its 200 day simple moving average is $18.29. Nintendo has a twelve month low of $13.05 and a twelve month high of $24.92.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.29 billion. Nintendo had a net margin of 18.91% and a return on equity of 13.03%. Nintendo has set its FY 2025 guidance at 0.488-0.488 EPS. As a group, research analysts forecast that Nintendo will post 0.44 EPS for the current year.

Institutional Trading of Nintendo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC boosted its holdings in Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after acquiring an additional 809 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Nintendo by 322.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after purchasing an additional 3,225 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after purchasing an additional 724 shares in the last quarter. Diversified Trust Co boosted its holdings in Nintendo by 18.6% during the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after purchasing an additional 1,882 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in Nintendo during the fourth quarter worth about $295,000. 0.02% of the stock is owned by institutional investors.

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.