Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Declines By 50.4%

Key Points

• Nintendo Co. experienced a significant 50.4% decline in short interest in July, dropping from 598,800 shares to 297,000 shares.
• Several institutional investors, including GAMMA Investing LLC and Appleton Partners Inc., have made notable increases in their stakes in Nintendo during the first quarter.
• Analysts have mostly rated Nintendo stock as a "Buy" or "Strong-Buy", with the average rating standing at "Buy" according to MarketBeat.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 297,000 shares, adecreaseof50.4% from the July 15th total of 598,800 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,707,600 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 3,707,600 shares, the days-to-cover ratio is currently 0.1 days. Currently,0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

NTDOY has been the subject of a number of analyst reports. Wedbush upgraded shares of Nintendo to a "strong-buy" rating in a report on Tuesday, July 1st. Citigroup started coverage on shares of Nintendo in a research report on Friday, May 2nd. They issued a "buy" rating for the company. Finally, Benchmark upgraded shares of Nintendo to a "strong-buy" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Nintendo currently has an average rating of "Buy".

Hedge Funds Weigh In On Nintendo

Institutional investors and hedge funds have recently bought and sold shares of the company. Azimuth Capital Investment Management LLC purchased a new position in Nintendo during the 1st quarter valued at about $8,323,000. GAMMA Investing LLC raised its holdings in Nintendo by 2,029.9% in the first 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. Appleton Partners Inc. MA increased its stake in shares of Nintendo by 1.5% in the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after buying an additional 1,969 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in Nintendo by 1.5% in the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after purchasing an additional 843 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company's stock worth $145,000 after purchasing an additional 724 shares during the period. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Nintendo Stock Performance

NTDOY traded up $0.5650 during trading on Friday, hitting $23.6850. The stock had a trading volume of 845,924 shares, compared to its average volume of 1,973,743. Nintendo has a twelve month low of $12.00 and a twelve month high of $24.92. The stock has a 50 day simple moving average of $22.53 and a two-hundred day simple moving average of $20.12. The company has a market capitalization of $123.04 billion, a PE ratio of 56.39 and a beta of 0.64.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Nintendo had a net margin of 19.61% and a return on equity of 9.77%. The company had revenue of $3.80 billion during the quarter, compared to analysts' expectations of $448.24 billion. Nintendo has set its FY 2026 guidance at 0.450-0.450 EPS. On average, equities research analysts anticipate that Nintendo will post 0.44 EPS for the current year.

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.