Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Up 66.9% in March

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 324,700 shares, an increase of 66.9% from the March 15th total of 194,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 2,270,300 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Nintendo in a report on Tuesday, March 25th. They set a “buy” rating for the company.

Nintendo Stock Performance

Shares of NTDOY stock traded up $0.56 during trading hours on Friday, reaching $18.06. The company had a trading volume of 1,217,696 shares, compared to its average volume of 2,427,406. Nintendo has a 12-month low of $11.36 and a 12-month high of $19.47. The company has a market capitalization of $93.82 billion, a price-to-earnings ratio of 40.13 and a beta of 0.63. The stock has a fifty day moving average of $17.85 and a 200-day moving average of $15.57.

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

Institutional Trading of Nintendo

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

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.