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

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 103,746 shares, a drop of 36.9% from the May 14th total of 164,319 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 236,550 shares, the short-interest ratio is presently 0.4 days.

NTT Stock Performance

Shares of OTCMKTS NTTYY traded up $0.18 during midday trading on Wednesday, reaching $22.94. 10,526 shares of the company traded hands, compared to its average volume of 159,989. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 10.92 and a beta of 0.03. The stock has a 50-day moving average price of $23.80 and a 200 day moving average price of $24.46. NTT has a 52 week low of $22.69 and a 52 week high of $28.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.51 and a quick ratio of 0.48.

NTT (OTCMKTS:NTTYY) last released its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $25.46 billion for the quarter, compared to analysts’ expectations of $24.01 billion. NTT had a net margin of 7.26% and a return on equity of 10.39%. Sell-side analysts anticipate that NTT will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded NTT to a “hold” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus 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.