Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Sees Significant Increase in Short Interest

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 65,437 shares, an increase of 1,605.0% from the June 15th total of 3,838 shares. Based on an average daily trading volume, of 266,609 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Bandai Namco Stock Down 0.5%

Shares of OTCMKTS NCBDY traded down C$0.07 during midday trading on Friday, reaching C$12.41. The company’s stock had a trading volume of 106,450 shares, compared to its average volume of 105,951. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$19.67. The business’s 50 day moving average price is C$11.63 and its two-hundred day moving average price is C$12.46.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NCBDY shares. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group cut shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.