Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Sees Large Decrease in Short Interest

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 48,853 shares, a decrease of 53.1% from the July 15th total of 104,162 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 100,004 shares, the short-interest ratio is presently 0.5 days.

Bandai Namco Stock Performance

Shares of NCBDY stock traded up C$0.56 during mid-day trading on Friday, reaching C$17.02. 26,682 shares of the company’s stock traded hands, compared to its average volume of 42,662. The company’s 50-day moving average price is C$12.95 and its 200-day moving average price is C$12.63. Bandai Namco has a 12 month low of C$10.94 and a 12 month high of C$19.67.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NCBDY shares. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group downgraded Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.