Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Grows By 188.7%

Nintendo Co. (OTCMKTS:NTDOY) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 5,838,232 shares, an increase of 188.7% from the June 30th total of 2,022,460 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,969,237 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Nintendo

Several hedge funds have recently added to or reduced their stakes in NTDOY. Hantz Financial Services Inc. purchased a new stake in shares of Nintendo in the fourth quarter valued at about $875,000. O Brien Greene & Co. Inc increased its stake in shares of Nintendo by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock worth $642,000 after purchasing an additional 800 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 purchasing an additional 3,225 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Nintendo during the 4th quarter worth approximately $295,000. Finally, PNC Financial Services Group Inc. lifted its stake in Nintendo by 13.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company’s stock valued at $151,000 after buying an additional 1,073 shares in the last quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Nintendo Stock Up 2.1%

Shares of OTCMKTS NTDOY traded up $0.24 during midday trading on Tuesday, hitting $11.70. The company had a trading volume of 5,653,206 shares, compared to its average volume of 3,518,101. The firm has a market capitalization of $60.24 billion, a price-to-earnings ratio of 19.50 and a beta of 0.39. Nintendo has a twelve month low of $10.18 and a twelve month high of $24.92. The business has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $13.06.

Nintendo (OTCMKTS:NTDOY) last issued its earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Nintendo had a net margin of 18.33% and a return on equity of 13.74%. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. On average, equities analysts forecast that Nintendo will post 0.51 EPS for the current year.

Analyst Ratings Changes

NTDOY has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Nintendo in a research note on Tuesday, April 14th. Benchmark reissued a “buy” rating on shares of Nintendo in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Nintendo

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.