Nintendo Co. (OTCMKTS:NTDOY) Shares Shorted: Short Interest Up 60.6% in September

Nintendo Co. (OTCMKTS:NTDOY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,302,907 shares, an increase of 60.6% from the August 31st total of 2,679,133 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,231,931 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group downgraded shares of Nintendo from a “neutral” rating to a “sell” rating in a report on Friday, September 25th. BNP Paribas Exane began coverage on shares of Nintendo in a research report on Tuesday, September 22nd. They set a “neutral” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of Nintendo in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Nintendo Trading Down 0.4%

Shares of NTDOY traded down $0.06 during mid-day trading on Thursday, reaching $12.47. 155,732 shares of the stock traded hands, compared to its average volume of 3,115,248. Nintendo has a 1 year low of $10.18 and a 1 year high of $22.89. The company has a market cap of $64.23 billion, a price-to-earnings ratio of 18.90 and a beta of 0.43. The firm has a fifty day moving average price of $13.04 and a 200 day moving average price of $12.44.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Nintendo had a net margin of 21.00% and a return on equity of 16.31%. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. On average, sell-side analysts anticipate that Nintendo will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Appleton Partners Inc. MA increased its position in shares of Nintendo by 27.9% in the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock valued at $2,248,000 after acquiring an additional 35,581 shares during the period. PNC Financial Services Group Inc. raised its holdings in Nintendo by 11.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock worth $143,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Nintendo by 47.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock valued at $32,000 after buying an additional 1,000 shares during the period. Institutional investors own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company headquartered in Kyoto. Founded in 1889 by Fusajiro Yamauchi as a manufacturer of handmade hanafuda playing cards, the company later expanded into electronic games and became one of the world’s best-known interactive entertainment businesses.

Nintendo develops and publishes video game hardware, software and related accessories. Its product portfolio includes dedicated gaming systems such as the Nintendo Switch family, first-party games and franchises including Super Mario, The Legend of Zelda, Pokémon, Animal Crossing and Mario Kart, as well as digital content and services.