NTT DATA Group Co. (OTCMKTS:NTDTY) Sees Significant Increase in Short Interest

NTT DATA Group Co. (OTCMKTS:NTDTY) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 15,200 shares, an increase of 533.3% from the October 31st total of 2,400 shares. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of NTT DATA Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th.

NTT DATA Group Price Performance

Shares of OTCMKTS NTDTY traded up $0.09 during midday trading on Friday, reaching $18.75. 17,688 shares of the stock traded hands, compared to its average volume of 11,455. The stock has a market capitalization of $26.30 billion, a PE ratio of 27.99 and a beta of 1.10. The company’s 50 day moving average is $17.19 and its 200 day moving average is $15.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.95. NTT DATA Group has a one year low of $11.53 and a one year high of $19.90.

About NTT DATA Group

NTT DATA Group Corporation provides IT and business services worldwide. It offers cloud, cybersecurity, data and intelligence, salesforce, SAP, ServiceNow, and application development and management, as well as 5G services. The company also provides consulting, industry solutions, business process services, and IT modernization and managed services.