Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Update

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 111,247 shares, a growth of 11,124,600.0% from the April 30th total of 1 shares. Based on an average daily trading volume, of 301,049 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Bandai Namco Stock Performance

NCBDY traded up C$0.28 during trading on Wednesday, reaching C$11.69. 201,128 shares of the company’s stock were exchanged, compared to its average volume of 111,314. Bandai Namco has a 1 year low of C$10.94 and a 1 year high of C$19.67. The company’s fifty day simple moving average is C$12.13 and its 200-day simple moving average is C$13.04.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.