NTT DATA Group Co. (OTCMKTS:NTDTY) Sees Large Increase in Short Interest

NTT DATA Group Co. (OTCMKTS:NTDTY) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 15,200 shares, an increase of 533.3% from the October 31st total of 2,400 shares. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded NTT DATA Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th.

NTT DATA Group Stock Performance

OTCMKTS:NTDTY traded up $0.89 during trading hours on Friday, reaching $19.65. 200 shares of the company’s stock were exchanged, compared to its average volume of 11,404. NTT DATA Group has a 1-year low of $11.53 and a 1-year high of $19.90. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 29.32 and a beta of 1.10. The company has a 50-day moving average of $17.24 and a 200 day moving average of $15.72.

NTT DATA Group Company Profile

NTT DATA Group Corporation provides IT and business services worldwide. It offers cloud, cybersecurity, data and intelligence, salesforce, SAP, ServiceNow, and application development and management, as well as 5G services. The company also provides consulting, industry solutions, business process services, and IT modernization and managed services.