Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Down 79.2% in March

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 194,600 shares, a decrease 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 presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of Nintendo

Several institutional investors and hedge funds have recently bought and sold shares of NTDOY. Diversified Trust Co acquired a new position in shares of Nintendo during the 4th quarter worth $182,000. GAMMA Investing LLC grew its holdings in shares of Nintendo by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after buying an additional 4,509 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Nintendo during the fourth quarter valued at approximately $192,000. Fulton Bank N.A. acquired a new stake in Nintendo during the fourth quarter worth approximately $200,000. Finally, Sterling Capital Management LLC acquired a new position in Nintendo in the fourth quarter valued at $605,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on Nintendo in a report on Tuesday. They issued a “buy” rating for the company.

Nintendo Trading Up 3.1 %

OTCMKTS:NTDOY traded up $0.55 during trading hours on Wednesday, hitting $18.57. The company had a trading volume of 908,188 shares, compared to its average volume of 2,198,393. The company has a 50-day moving average of $17.46 and a 200 day moving average of $15.12. The company has a market cap of $96.47 billion, a P/E ratio of 41.27 and a beta of 0.39. Nintendo has a 1 year low of $11.36 and a 1 year high of $19.47.

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

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.