Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Update

Key Points

• Bandai Namco Holdings Inc. saw a 95.4% increase in short interest for September, reaching a total of 21,300 shares, compared to 10,900 shares at the end of August.
• The company's stock is currently rated as a "Hold" by Zacks Research following an adjustment on August 15th, indicating a cautious outlook from analysts.
• As of the last trading, Bandai Namco shares were priced at C$16.42, with a market capitalization of C$21.25 billion and a P/E ratio of 0.27.

Bandai Namco Holdings Inc. - Unsponsored ADR (OTCMKTS:NCBDY - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 21,300 shares, an increase of 95.4% from the August 31st total of 10,900 shares. Based on an average daily volume of 56,700 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 56,700 shares, the days-to-cover ratio is currently 0.4 days.

Bandai Namco Price Performance

OTCMKTS NCBDY traded up C$0.17 on Friday, hitting C$16.42. 17,071 shares of the company were exchanged, compared to its average volume of 31,872. Bandai Namco has a twelve month low of C$10.05 and a twelve month high of C$19.67. The company's 50 day moving average price is C$17.19 and its 200-day moving average price is C$16.76. The firm has a market capitalization of C$21.25 billion and a P/E ratio of 0.27.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Bandai Namco to a "hold" rating in a report on Friday, August 15th. One investment analyst has rated the stock with a Hold rating, According to 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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