Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Falls 33.2% in December
Nintendo Co., Ltd. (OTCMKTS:NTDOY) benefited from a significant drop in short-term interest rates in December. As of December 31, there was short interest totaling 241,200 shares, a decrease of 33.2% from the total of 361,100 shares as of December 15. Based on an average trading volume of 702,300 shares, the short-term interest rate ratio is currently 0.3 days.
A number of hedge funds and other institutional investors have recently changed their positions in NTDOY. Steward Partners Investment Advisory LLC bought a new position in Nintendo stock during the second quarter worth about $28,000. Pacer Advisors Inc. increased its holdings of Nintendo shares by 3.2% during the third quarter. Pacer Advisors Inc. now owns 7,579 shares of the company valued at $449,000 after buying 234 additional shares in the last quarter. Confluence Investment Management LLC increased its holdings of Nintendo shares by 2.2% during the third quarter. Confluence Investment Management LLC now owns 12,391 shares of the company valued at $734,000 after buying 261 additional shares in the last quarter. Boston Private Wealth LLC increased its holdings of Nintendo stock by 18.0% during the third quarter. Boston Private Wealth LLC now owns 12,871 shares of the company valued at $763,000 after purchasing an additional 1,963 shares in the last quarter. Finally, Gagnon Securities LLC increased its stake in Nintendo shares by 3.1% during the third quarter. Gagnon Securities LLC now owns 15,015 shares of the company valued at $914,000 after buying 449 additional shares in the last quarter. Hedge funds and other institutional investors own 0.05% of the company’s shares.
A number of research analysts have commented on the company. Jefferies Financial Group restated a “sell” rating and set a $50.00 price target on Nintendo shares in a Tuesday, October 19 research note. Wedbush upgraded Nintendo from a “neutral” rating to an “overperforming” rating in a Thursday, October 28 research note. DZ Bank moved Nintendo from a “buy” rating to a “hold” rating and set a price target of 55,000.00 on the stock. in a research note from Friday, October 1. Zacks Investment Research moved Nintendo from a “hold” rating to a “sell” rating in a Thursday, October 7 research note. Finally, Macquarie downgraded Nintendo from an “overperforming” rating to a “neutral” rating in a Friday, November 5, research note. Two equity research analysts rated the stock with a sell rating, four gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27,525.00.
Shares of OTCMKTS NTDOY opened at $57.16 on Monday. The stock’s 50-day moving average price is $57.41 and its two-hundred-day moving average price is $60.01. Nintendo has a 52 week low of $52.95 and a 52 week high of $82.00. The stock has a market capitalization of $59.39 billion, a P/E ratio of 13.23 and a beta of 0.54.
Nintendo (OTCMKTS:NTDOY) last reported quarterly earnings data on Thursday, November 4. The company reported earnings per share (EPS) of $0.73 for the quarter, beating Thomson Reuters consensus estimate of $0.70 by $0.03. Nintendo had a return on equity of 24.38% and a net margin of 27.20%. The company posted revenue of $2.74 billion for the quarter, versus $3.16 billion expected by analysts. As a group, research analysts expect Nintendo to post EPS of 3.67 for the current fiscal year.
Nintendo Co, Ltd. is engaged in the development, manufacture and sale of home entertainment products. Its entertainment products include handheld and console game machines and software, master cards and Karuta (Japanese-style playing cards), multinational consumer electronics, home console hardware such as Nintendo Wii, Nintendo DS, Nintendo 3DS and others; as well as software for portable and home game consoles.
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