Nintendo Co., Ltd. (OTCMKTS:NTDOY) Sees Significant Growth in Short Interest

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 514,300 shares, an increase of 192.9% from the November 30th total of 175,600 shares. Based on an average trading volume of 3,092,200 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Nintendo to a “hold” rating in a research report on Sunday, September 22nd. TD Cowen started coverage on shares of Nintendo in a report on Monday, October 7th. They set a “buy” rating on the stock.

Hedge Funds Weigh In On Nintendo

A number of hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in shares of Nintendo in the third quarter worth about $99,000. O Brien Greene & Co. Inc increased its stake in shares of Nintendo by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock valued at $512,000 after buying an additional 995 shares during the period. Finally, Appleton Partners Inc. MA raised its holdings in shares of Nintendo by 0.6% during the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after acquiring an additional 780 shares in the last quarter. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Nintendo Trading Up 0.3 %

Shares of OTCMKTS:NTDOY traded up $0.04 during trading on Friday, reaching $14.68. 427,142 shares of the company traded hands, compared to its average volume of 893,761. Nintendo has a 52-week low of $11.36 and a 52-week high of $15.59. The business’s fifty day moving average is $13.97 and its 200-day moving average is $13.64. The firm has a market capitalization of $76.26 billion, a price-to-earnings ratio of 31.23 and a beta of 0.45.

Nintendo Company Profile

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.