Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 65,437 shares, an increase of 1,605.0% from the June 15th total of 3,838 shares. Based on an average daily volume of 266,609 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Bandai Namco Price Performance
Bandai Namco stock traded down C$0.07 during midday trading on Friday, hitting C$12.41. 106,450 shares of the company’s stock were exchanged, compared to its average volume of 105,951. Bandai Namco has a 52-week low of C$10.94 and a 52-week high of C$19.67. The stock has a 50-day moving average price of C$11.63 and a two-hundred day moving average price of C$12.46.
Wall Street Analyst Weigh In
NCBDY has been the topic of several analyst reports. The Goldman Sachs Group cut Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. Zacks Research raised shares of Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.
Bandai Namco Company Profile
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.
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