NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,724 shares, a decline of 44.0% from the July 30th total of 19,142 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 137,975 shares, the days-to-cover ratio is presently 0.1 days.

NTT Stock Down 0.2%

NTTYY stock opened at $26.28 on Friday. The stock’s fifty day simple moving average is $23.90 and its two-hundred day simple moving average is $24.02. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. NTT has a 1-year low of $21.47 and a 1-year high of $28.30. The stock has a market cap of $85.91 billion, a P/E ratio of 12.58, a P/E/G ratio of 2.53 and a beta of 0.04.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.07. The firm had revenue of $22.97 billion during the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. Analysts expect that NTT will post 2 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of NTT from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.