NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 94,153 shares, an increase of 176.4% from the June 30th total of 34,059 shares. Based on an average daily trading volume, of 413,998 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.
Read Our Latest Analysis on NTT
NTT Trading Up 1.2%
NTT (OTCMKTS:NTTYY – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. NTT had a return on equity of 10.39% and a net margin of 7.26%.The company had revenue of $25.46 billion for the quarter, compared to the consensus estimate of $24.01 billion. Research analysts predict that NTT will post 1.9 earnings per share for the current year.
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.
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