Nintendo Co. (OTCMKTS:NTDOY) Sees Large Decrease in Short Interest

Nintendo Co. (OTCMKTS:NTDOY) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,284,283 shares, a decrease of 20.4% from the January 29th total of 5,382,906 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 7,998,453 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 7,998,453 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Nintendo

A number of hedge funds have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC grew its holdings in Nintendo by 76.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock worth $40,000 after acquiring an additional 809 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after purchasing an additional 637 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Nintendo by 322.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after purchasing an additional 3,225 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Nintendo by 13.6% during the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after buying an additional 724 shares during the period. Finally, Diversified Trust Co raised its stake in Nintendo by 18.6% in the third quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after buying an additional 1,882 shares in the last quarter. 0.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTDOY has been the subject of several recent analyst reports. Wolfe Research upgraded Nintendo from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 22nd. Freedom Capital raised Nintendo from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 22nd. China Renaissance reaffirmed a “sell” rating on shares of Nintendo in a research report on Wednesday, February 4th. Zacks Research lowered Nintendo from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, UBS Group upgraded Nintendo from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Nintendo has an average rating of “Moderate Buy”.

Nintendo Stock Down 2.8%

NTDOY opened at $13.42 on Wednesday. The stock’s fifty day moving average is $15.47 and its two-hundred day moving average is $19.26. The company has a market capitalization of $69.71 billion, a P/E ratio of 23.54 and a beta of 0.57. Nintendo has a 52 week low of $13.05 and a 52 week high of $24.92.

Nintendo Company Profile

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.