NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,724 shares, a decline of 44.0% from the July 30th total of 19,142 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 137,975 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded NTT from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, NTT currently has a consensus rating of “Hold”.

NTT Trading Down 0.2%

Shares of NTTYY stock opened at $26.28 on Friday. The company has a market capitalization of $85.91 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.53 and a beta of 0.04. NTT has a 52-week low of $21.47 and a 52-week high of $28.30. The business’s fifty day moving average is $23.90 and its 200 day moving average is $24.02. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Thursday, August 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. The business had revenue of $22.97 billion during the quarter, compared to analysts’ expectations of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. On average, equities research analysts anticipate that NTT will post 2 EPS for the current fiscal year.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.