Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY) Sees Large Drop in Short Interest

Key Points

• Bandai Namco's short interest saw a substantial decline of 70.1% in August, dropping from 36,500 shares to 10,900 shares.
• The company's stock remains relatively stable, with a slight decrease of 0.1% as it opened at C$17.04 on Friday.
• Zacks Research upgraded Bandai Namco to a "hold" rating, reflecting a cautious stance from analysts on the stock's potential.

Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,900 shares, a decrease of 70.1% from the August 15th total of 36,500 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 31,200 shares, the short-interest ratio is presently 0.3 days.

Bandai Namco Price Performance

Shares of Bandai Namco stock traded up C$0.10 during trading hours on Wednesday, hitting C$16.71. The company had a trading volume of 20,176 shares, compared to its average volume of 24,415. The company's 50-day moving average is C$16.99 and its two-hundred day moving average is C$16.80. The company has a market cap of C$21.63 billion and a P/E ratio of 0.27. Bandai Namco has a twelve month low of C$10.05 and a twelve month high of C$19.67.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Bandai Namco to a "hold" rating in a research note on Friday, August 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Bandai Namco has an average rating of "Hold".

About Bandai Namco

BANDAI NAMCO Holdings Inc develops entertainment-related products and services worldwide. The company operates through four segments: Digital Business, Toys and Hobby Business, IP Production Business, and Amusement Business. It offers toys, capsule and candy toys, cards, confectionery products, food, apparel, sundries, plastic models, figures, consumer electronics, stationery and visual products, pachinko and pachislot machines, medical and electronic-related equipment, playground equipment, bicycles, furniture, robot toys, prizes, and other products; and contract services for inspecting and testing.