Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 316,300 shares, a drop of 34.9% from the May 31st total of 485,700 shares. Based on an average daily trading volume, of 1,049,900 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On Nintendo
A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in Nintendo by 189.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,554 shares of the company’s stock worth $57,000 after purchasing an additional 3,636 shares during the period. GAMMA Investing LLC bought a new stake in shares of Nintendo in the fourth quarter worth about $90,000. ORG Partners LLC purchased a new stake in shares of Nintendo during the 1st quarter worth approximately $110,000. Fulton Bank N.A. bought a new position in shares of Nintendo in the 4th quarter worth $158,000. Finally, SVB Wealth LLC lifted its stake in shares of Nintendo by 32.3% during the 4th quarter. SVB Wealth LLC now owns 13,692 shares of the company’s stock worth $178,000 after purchasing an additional 3,344 shares during the last quarter. Institutional investors own 0.02% of the company’s stock.
Nintendo Stock Down 0.1 %
Shares of NTDOY stock traded down $0.01 during mid-day trading on Friday, reaching $13.38. 283,623 shares of the company’s stock traded hands, compared to its average volume of 493,268. The company has a market cap of $69.51 billion, a P/E ratio of 18.33 and a beta of 0.43. Nintendo has a 12 month low of $10.03 and a 12 month high of $15.01. The company’s 50-day moving average price is $13.05 and its 200-day moving average price is $13.26.
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.
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