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

Nintendo Co., Ltd. (OTCMKTS:NTDOY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 331,600 shares, a decrease of 19.1% from the April 30th total of 410,100 shares. Based on an average daily trading volume, of 2,697,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Nintendo

A number of institutional investors have recently made changes to their positions in NTDOY. Kornitzer Capital Management Inc. KS boosted its position in Nintendo by 49.8% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company's stock valued at $2,215,000 after buying an additional 50,000 shares during the period. SVB Wealth LLC purchased a new stake in Nintendo during the 4th quarter valued at $192,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Nintendo during the 4th quarter valued at $2,633,000. Sterling Capital Management LLC purchased a new stake in Nintendo during the 4th quarter valued at $605,000. Finally, GAMMA Investing LLC boosted its position in Nintendo by 2,029.9% during the 1st quarter. GAMMA Investing LLC now owns 275,785 shares of the company's stock valued at $4,735,000 after buying an additional 262,837 shares during the period. Hedge funds and other institutional investors own 0.02% of the company's stock.

Nintendo Stock Down 1.4%

Shares of Nintendo stock traded down $0.30 during trading on Thursday, reaching $20.68. The company's stock had a trading volume of 2,314,900 shares, compared to its average volume of 2,135,810. Nintendo has a 52-week low of $11.36 and a 52-week high of $22.08. The company has a market cap of $107.43 billion, a price-to-earnings ratio of 45.96 and a beta of 0.61. The firm's 50-day moving average is $19.24 and its two-hundred day moving average is $17.21.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.06. Nintendo had a net margin of 25.83% and a return on equity of 12.14%. The company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $215.06 billion. On average, equities research analysts anticipate that Nintendo will post 0.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup assumed coverage on shares of Nintendo in a report on Friday, May 2nd. They issued a "buy" rating on the stock. The Goldman Sachs Group assumed coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Finally, Benchmark raised shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy".

About Nintendo

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.