Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Update

Nintendo Co., Ltd. (OTCMKTS:NTDOY - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 567,000 shares, an increase of 75.8% from the March 15th total of 322,500 shares. Based on an average daily volume of 988,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Nintendo

A number of institutional investors and hedge funds have recently bought and sold shares of NTDOY. Vestor Capital LLC purchased a new stake in shares of Nintendo in the 2nd quarter worth approximately $59,000. PNC Financial Services Group Inc. lifted its holdings in Nintendo by 189.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,554 shares of the company's stock worth $57,000 after buying an additional 3,636 shares during the period. GAMMA Investing LLC purchased a new stake in Nintendo during the fourth quarter worth $90,000. Fulton Bank N.A. bought a new stake in Nintendo during the 4th quarter valued at $158,000. Finally, SVB Wealth LLC increased its holdings in shares of Nintendo by 32.3% in the 4th quarter. SVB Wealth LLC now owns 13,692 shares of the company's stock valued at $178,000 after acquiring an additional 3,344 shares during the period. 0.02% of the stock is owned by institutional investors.

Nintendo Stock Performance

NTDOY stock traded down $0.16 during midday trading on Friday, reaching $12.41. The company's stock had a trading volume of 473,221 shares, compared to its average volume of 832,083. Nintendo has a 1 year low of $10.03 and a 1 year high of $15.01. The firm has a market capitalization of $64.47 billion, a price-to-earnings ratio of 16.55 and a beta of 0.39. The stock has a fifty day simple moving average of $13.78 and a two-hundred day simple moving average of $12.46.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.03. Nintendo had a net margin of 29.25% and a return on equity of 20.77%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.52 billion. As a group, analysts forecast that Nintendo will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised shares of Nintendo from a "market perform" rating to an "outperform" rating in a report on Monday, January 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate 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.

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