Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY – Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,853 shares, a drop of 53.1% from the July 15th total of 104,162 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 100,004 shares, the days-to-cover ratio is presently 0.5 days.
Bandai Namco Stock Down 1.9%
Shares of NCBDY traded down C$0.33 during trading hours on Monday, reaching C$16.70. 13,852 shares of the stock traded hands, compared to its average volume of 103,958. The company’s 50-day moving average price is C$12.95 and its two-hundred day moving average price is C$12.62. Bandai Namco has a 52-week low of C$10.94 and a 52-week high of C$19.21.
Analysts Set New Price Targets
A number of research firms recently commented on NCBDY. The Goldman Sachs Group cut Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. Zacks Research raised Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bandai Namco 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.
See Also
- Five stocks we like better than Bandai Namco
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Receive News & Ratings for Bandai Namco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bandai Namco and related companies with MarketBeat.com's FREE daily email newsletter.
