Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Sees Significant Increase in Short Interest

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 65,437 shares, a growth of 1,605.0% from the June 15th total of 3,838 shares. Based on an average daily volume of 266,609 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Bandai Namco Stock Down 0.5%

OTCMKTS NCBDY traded down C$0.07 on Friday, hitting C$12.41. 106,450 shares of the company’s stock were exchanged, compared to its average volume of 105,951. The stock has a 50-day moving average of C$11.63 and a 200-day moving average of C$12.46. Bandai Namco has a 52 week low of C$10.94 and a 52 week high of C$19.67.

Analyst Upgrades and Downgrades

NCBDY has been the subject of several recent analyst reports. Zacks Research raised shares of Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group lowered shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.