Short Interest in NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY) Grows By 3,757.3%

Key Points

• Short interest in NTTYY surged 3,757.3% to 63,259 shares as of March 31 (from 1,640 on March 15), though this still represents reported 0.0% of the stock and a short-interest ratio of just 0.2 days.
• Shares traded at $24.16 (down $0.27) with 121,356 shares changing hands versus an average of 157,881; the stock has a 52-week range of $23.31–$28.70, a market cap of $78.97 billion and a P/E of 11.08.
• NTT beat expectations for the quarter with EPS $0.65 versus $0.59 and revenue $23.29B versus $23.07B, but Deutsche Bank downgraded the stock to a Hold and the consensus rating is currently Hold.

NTT Inc. - Sponsored ADR (OTCMKTS:NTTYY - Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 63,259 shares, a growth of 3,757.3% from the March 15th total of 1,640 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 393,825 shares, the short-interest ratio is presently 0.2 days.

NTT Stock Performance

Shares of OTCMKTS NTTYY traded down $0.27 during trading on Friday, reaching $24.16. 121,356 shares of the company traded hands, compared to its average volume of 157,881. The firm has a 50 day simple moving average of $24.57 and a 200-day simple moving average of $25.03. NTT has a 52-week low of $23.31 and a 52-week high of $28.70. The stock has a market capitalization of $78.97 billion, a PE ratio of 11.08 and a beta of 0.06. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 1.29.

NTT (OTCMKTS:NTTYY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.06. The business had revenue of $23.29 billion during the quarter, compared to the consensus estimate of $23.07 billion. NTT had a net margin of 7.66% and a return on equity of 10.50%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut NTT from a "buy" rating to a "hold" rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company's core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT's business operations are organized across several key subsidiaries.

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