Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Up 66.9% in March

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 324,700 shares, an increase of 66.9% from the March 15th total of 194,600 shares. Based on an average trading volume of 2,270,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Nintendo Stock Up 3.2 %

NTDOY traded up $0.56 on Friday, reaching $18.06. The company’s stock had a trading volume of 1,217,696 shares, compared to its average volume of 2,427,406. Nintendo has a fifty-two week low of $11.36 and a fifty-two week high of $19.47. The stock has a 50 day moving average of $17.85 and a two-hundred day moving average of $15.57. The company has a market capitalization of $93.82 billion, a price-to-earnings ratio of 40.13 and a beta of 0.63.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Nintendo in a report on Tuesday, March 25th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Nintendo

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Nintendo by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company’s stock valued at $276,000 after purchasing an additional 3,114 shares during the last quarter. Diversified Trust Co acquired a new position in Nintendo in the fourth quarter valued at $182,000. SVB Wealth LLC purchased a new stake in shares of Nintendo in the fourth quarter valued at about $192,000. Fulton Bank N.A. acquired a new stake in shares of Nintendo during the fourth quarter worth about $200,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Nintendo during the fourth quarter worth about $605,000. Hedge funds and other institutional investors own 0.02% of the company’s stock.

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.