Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Expands By 83.1%

Nintendo Co. (OTCMKTS:NTDOY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 6,548,237 shares, an increase of 83.1% from the December 31st total of 3,575,489 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 5,382,409 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 5,382,409 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Nintendo

A number of institutional investors and hedge funds have recently bought and sold shares of NTDOY. Salomon & Ludwin LLC boosted its stake in shares of Nintendo by 76.1% during the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after buying an additional 637 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Nintendo by 322.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after acquiring an additional 3,225 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after acquiring an additional 724 shares during the period. Finally, Diversified Trust Co increased its position in Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after acquiring an additional 1,882 shares during the period. Institutional investors and hedge funds own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTDOY shares. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wolfe Research upgraded shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Nintendo has an average rating of “Buy”.

Nintendo Trading Down 1.9%

Shares of Nintendo stock opened at $16.28 on Friday. The firm’s 50 day moving average is $17.87 and its 200 day moving average is $20.63. The firm has a market capitalization of $84.57 billion, a PE ratio of 30.72 and a beta of 0.58. Nintendo has a 1 year low of $15.25 and a 1 year high of $24.92.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $464.35 billion. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. As a group, research analysts anticipate that Nintendo will post 0.44 earnings per share for the current year.

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.