Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Rises By 176.4%

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 94,153 shares, an increase of 176.4% from the June 30th total of 34,059 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 413,998 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

NTT Price Performance

NTT stock traded up $0.49 during mid-day trading on Monday, hitting $23.61. The company’s stock had a trading volume of 76,169 shares, compared to its average volume of 169,248. NTT has a twelve month low of $21.47 and a twelve month high of $28.38. The stock’s fifty day moving average price is $23.08 and its two-hundred day moving average price is $24.02. The stock has a market capitalization of $77.16 billion, a P/E ratio of 11.24, a P/E/G ratio of 3.86 and a beta of 0.04. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $25.46 billion during the quarter, compared to analyst estimates of $24.01 billion. NTT had a return on equity of 10.39% and a net margin of 7.26%. Research analysts forecast that NTT will post 1.9 earnings per share for the current year.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.