Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Up 192.9% in December

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 514,300 shares, an increase of 192.9% from the November 30th total of 175,600 shares. Based on an average daily trading volume, of 3,092,200 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

NTDOY has been the topic of several research analyst reports. TD Cowen began coverage on shares of Nintendo in a research note on Monday, October 7th. They set a “buy” rating on the stock. Wolfe Research raised shares of Nintendo to a “hold” rating in a research report on Sunday, September 22nd.

Institutional Investors Weigh In On Nintendo

Large investors have recently added to or reduced their stakes in the company. Appleton Partners Inc. MA grew its position in Nintendo by 0.6% during the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after buying an additional 780 shares in the last quarter. O Brien Greene & Co. Inc increased its position in shares of Nintendo by 2.7% in the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after purchasing an additional 995 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Nintendo in the third quarter valued at approximately $99,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Nintendo Price Performance

Shares of OTCMKTS NTDOY traded down $0.01 during midday trading on Thursday, reaching $14.64. The company’s stock had a trading volume of 413,215 shares, compared to its average volume of 895,635. The stock has a market capitalization of $76.05 billion, a P/E ratio of 31.15 and a beta of 0.45. The firm has a 50 day moving average price of $13.93 and a 200-day moving average price of $13.63. Nintendo has a 12-month low of $11.36 and a 12-month high of $15.59.

About Nintendo

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.