Short Interest in NTT DATA Group Co. (OTCMKTS:NTDTY) Rises By 533.3%

NTT DATA Group Co. (OTCMKTS:NTDTY) was the recipient of 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 volume of 23,000 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

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

NTT DATA Group Stock Up 0.5 %

OTCMKTS:NTDTY traded up $0.09 during trading hours on Wednesday, reaching $18.75. 17,688 shares of the stock were exchanged, compared to its average volume of 11,455. The stock has a market cap of $26.30 billion, a PE ratio of 27.85 and a beta of 1.10. NTT DATA Group has a twelve month low of $11.53 and a twelve month high of $19.90. The firm has a 50 day moving average of $17.13 and a 200 day moving average of $15.64. 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 Company Profile

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.