Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Update

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 194,600 shares, a decline of 79.2% from the February 28th total of 934,300 shares. Based on an average daily trading volume, of 2,684,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on shares of Nintendo in a research report on Tuesday. They set a “buy” rating on the stock.

Nintendo Price Performance

OTCMKTS:NTDOY traded up $0.55 during trading hours on Thursday, reaching $18.57. The company’s stock had a trading volume of 908,188 shares, compared to its average volume of 2,198,393. The company has a market cap of $96.47 billion, a price-to-earnings ratio of 41.27 and a beta of 0.39. Nintendo has a one year low of $11.36 and a one year high of $19.47. The business’s 50-day moving average is $17.46 and its 200-day moving average is $15.12.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. On average, sell-side analysts predict that Nintendo will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Nintendo

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after buying an additional 4,509 shares during the period. Diversified Trust Co acquired a new position in Nintendo during the 4th quarter worth $182,000. SVB Wealth LLC bought a new stake in Nintendo during the fourth quarter valued at about $192,000. Fulton Bank N.A. acquired a new stake in shares of Nintendo in the fourth quarter valued at about $200,000. Finally, Sterling Capital Management LLC bought a new position in shares of Nintendo in the fourth quarter worth about $605,000. Institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.