Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Expands By 784.4%

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 102,364 shares, a growth of 784.4% from the January 15th total of 11,575 shares. Based on an average daily volume of 236,628 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 236,628 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

NTT Stock Up 1.6%

Shares of NTTYY stock traded up $0.39 during trading hours on Tuesday, hitting $24.86. 149,257 shares of the company were exchanged, compared to its average volume of 122,685. NTT has a 52 week low of $22.80 and a 52 week high of $28.70. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $25.03 and a two-hundred day moving average of $25.72.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $23.29 billion for the quarter, compared to analysts’ expectations of $23.07 billion. NTT had a net margin of 7.66% and a return on equity of 10.32%.

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.