Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Rises By 57.2%

Nintendo Co. (OTCMKTS:NTDOY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,575,489 shares, an increase of 57.2% from the December 15th total of 2,274,988 shares. Based on an average daily trading volume, of 3,919,656 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 3,919,656 shares, the short-interest ratio is currently 0.9 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NTDOY shares. Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a report on Monday, December 22nd. Wolfe Research downgraded Nintendo from a “peer perform” rating to an “underperform” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nintendo presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its stake in Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Nintendo by 34.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock valued at $59,000 after buying an additional 637 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock worth $145,000 after acquiring an additional 724 shares during the period. Diversified Trust Co increased its holdings in Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Atlatl Advisers LLC purchased a new stake in Nintendo in the 3rd quarter worth about $462,000. 0.02% of the stock is owned by institutional investors.

Nintendo Stock Up 2.2%

Shares of OTCMKTS NTDOY opened at $16.38 on Friday. The company has a market capitalization of $85.09 billion, a PE ratio of 30.91 and a beta of 0.58. The stock’s 50 day moving average price is $18.90 and its 200-day moving average price is $21.05. Nintendo has a twelve month low of $14.50 and a twelve month high of $24.92.

Nintendo (OTCMKTS:NTDOY) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $464.35 billion. Nintendo had a return on equity of 12.26% and a net margin of 21.10%. As a group, research analysts expect that Nintendo will post 0.44 EPS for the current fiscal year.

About Nintendo

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.