Short Interest in Nintendo Co., Ltd. (OTCMKTS:NTDOY) Declines By 31.1%

Nintendo Co., Ltd. (OTCMKTS:NTDOY) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 354,100 shares, a drop of 31.1% from the December 15th total of 514,300 shares. Based on an average daily trading volume, of 1,431,800 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NTDOY. Wolfe Research upgraded shares of Nintendo to a “hold” rating in a research report on Sunday, September 22nd. TD Cowen assumed coverage on shares of Nintendo in a report on Monday, October 7th. They set a “buy” rating on the stock.

Nintendo Trading Up 2.2 %

Shares of NTDOY stock opened at $14.78 on Wednesday. Nintendo has a twelve month low of $11.36 and a twelve month high of $15.59. The stock has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $13.73. The stock has a market capitalization of $76.78 billion, a price-to-earnings ratio of 31.45 and a beta of 0.45.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Appleton Partners Inc. MA boosted its stake in shares of Nintendo by 0.6% during the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after purchasing an additional 780 shares in the last quarter. O Brien Greene & Co. Inc boosted its position in Nintendo by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock valued at $512,000 after acquiring an additional 995 shares in the last quarter. Fulton Bank N.A. purchased a new position in shares of Nintendo in the 4th quarter valued at $200,000. GAMMA Investing LLC raised its position in shares of Nintendo by 53.4% in the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in Nintendo during the fourth quarter valued at about $182,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Nintendo Company Profile

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.