Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Update

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 25,245 shares, a decrease of 48.3% from the July 30th total of 48,853 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 52,243 shares, the days-to-cover ratio is currently 0.5 days.

Bandai Namco Stock Performance

Shares of OTCMKTS NCBDY opened at C$17.78 on Tuesday. The firm has a 50 day moving average price of C$14.28 and a 200 day moving average price of C$12.96. Bandai Namco has a 52-week low of C$10.94 and a 52-week high of C$17.86.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lowered Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.