Nintendo Co., Ltd. (OTCMKTS:NTDOY) Sees Significant Decline in Short Interest

Nintendo Co., Ltd. (OTCMKTS:NTDOY) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 194,600 shares, a decrease of 79.2% from the February 28th total of 934,300 shares. Based on an average daily trading volume, of 2,684,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Nintendo in a research note on Tuesday. They set a “buy” rating on the stock.

Hedge Funds Weigh In On Nintendo

Institutional investors have recently modified their holdings of the business. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Nintendo during the 4th quarter worth $2,633,000. Kornitzer Capital Management Inc. KS grew its holdings in Nintendo by 49.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after acquiring an additional 50,000 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Nintendo in the 4th quarter valued at $605,000. Fulton Bank N.A. acquired a new position in shares of Nintendo during the fourth quarter worth $200,000. Finally, SVB Wealth LLC acquired a new stake in Nintendo in the fourth quarter valued at $192,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Stock Down 1.7 %

Shares of OTCMKTS:NTDOY traded down $0.31 during midday trading on Friday, reaching $17.94. The company’s stock had a trading volume of 1,434,227 shares, compared to its average volume of 2,169,380. Nintendo has a twelve month low of $11.36 and a twelve month high of $19.47. The firm has a market capitalization of $93.19 billion, a PE ratio of 39.87 and a beta of 0.39. The stock has a fifty day moving average of $17.52 and a 200 day moving average of $15.14.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. Sell-side analysts anticipate that Nintendo will post 0.44 earnings per share for the current fiscal year.

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.