NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Stock Short Interest Report for October

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 32,515 shares, an increase of 70.1% from the September 30th total of 19,117 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 191,770 shares, the short-interest ratio is presently 0.2 days.

NTT Price Performance

OTCMKTS:NTTYY opened at $27.54 on Wednesday. NTT has a 52 week low of $21.47 and a 52 week high of $30.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.46 and a current ratio of 0.49. The firm’s 50-day simple moving average is $27.54 and its 200 day simple moving average is $24.93. The firm has a market cap of $90.02 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 2.28 and a beta of 0.07.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. NTT had a net margin of 7.17% and a return on equity of 10.45%. The firm had revenue of $22.97 billion during the quarter, compared to the consensus estimate of $21.57 billion. As a group, sell-side analysts predict that NTT will post 2.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, NTT has an average rating of “Buy”.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.