Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Down 70.1% in August

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) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 10,900 shares, a decline of 70.1% from the August 15th total of 36,500 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 31,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company's stock are sold short.

Bandai Namco Stock Down 0.1%

Shares of OTCMKTS NCBDY opened at C$17.04 on Friday. The firm's 50-day moving average price is C$16.94 and its 200-day moving average price is C$16.81. Bandai Namco has a 52-week low of C$10.05 and a 52-week high of C$19.67. The company has a market cap of C$22.06 billion and a PE ratio of 0.28.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Bandai Namco to a "hold" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Bandai Namco currently has an average rating of "Hold".

Bandai Namco Company Profile

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.

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