NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY) Shares Shorted: Short Interest Up 70.1% in October

Key Points

• NTT’s short interest rose 70.1% in October to 32,515 shares, though short positions represent 0.0% of outstanding shares and only 0.2 days of average trading volume.
• NTTYY opened at $27.45, within its 12-month range of $21.47 to $30.05, with a market capitalization of approximately $89.73 billion. The company recently beat quarterly earnings and revenue expectations.
• Analyst sentiment is positive: Zacks Research upgraded NTT to “strong buy,” while the broader consensus rating is “Buy.”

NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY - Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 32,515 shares, an increase of 70.1% from the September 30th total of 19,117 shares. Based on an average daily volume of 191,770 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

NTT Stock Performance

NTTYY opened at $27.45 on Monday. NTT has a 12-month low of $21.47 and a 12-month high of $30.05. The company has a quick ratio of 0.46, a current ratio of 0.49 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $89.73 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 2.26 and a beta of 0.07. The stock's 50 day moving average price is $27.49 and its two-hundred day moving average price is $24.91.

NTT (OTCMKTS:NTTYY - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. NTT had a return on equity of 10.45% and a net margin of 7.17%. The company had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. On average, equities analysts forecast that NTT will post 2.09 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded NTT from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, NTT currently has a consensus rating of "Buy".

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT's principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.

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