Short Interest in Nintendo Co., Ltd. (OTCMKTS:NTDOY) Drops By 79.2%

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 194,600 shares, a drop of 79.2% from the February 28th total of 934,300 shares. Based on an average daily trading volume, of 2,684,600 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Nintendo

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co acquired a new stake in shares of Nintendo during the 4th quarter worth approximately $182,000. GAMMA Investing LLC grew its stake in Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after buying an additional 4,509 shares during the last quarter. SVB Wealth LLC acquired a new stake in Nintendo in the fourth quarter worth $192,000. Fulton Bank N.A. bought a new stake in Nintendo in the fourth quarter valued at $200,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of Nintendo in the 4th quarter worth about $605,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Nintendo in a research note on Tuesday. They set a “buy” rating for the company.

Nintendo Price Performance

NTDOY traded up $0.55 during trading hours on Wednesday, hitting $18.57. 908,188 shares of the stock were exchanged, compared to its average volume of 2,198,393. The stock has a market cap of $96.47 billion, a price-to-earnings ratio of 41.27 and a beta of 0.39. The stock has a 50-day simple moving average of $17.46 and a 200-day simple moving average of $15.12. Nintendo has a 12 month low of $11.36 and a 12 month high of $19.47.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a return on equity of 12.14% and a net margin of 25.83%. Sell-side analysts expect that Nintendo will post 0.44 EPS for the current year.

Nintendo Company Profile

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.