NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Down 94.0% in February

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,780 shares, a drop of 94.0% from the February 12th total of 29,742 shares. Based on an average trading volume of 329,745 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 329,745 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

NTT Price Performance

NTTYY stock opened at $24.34 on Thursday. The stock’s 50 day simple moving average is $24.82 and its 200 day simple moving average is $25.37. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.59 and a quick ratio of 0.55. NTT has a 12-month low of $22.80 and a 12-month high of $28.70.

NTT (OTCMKTS:NTTYY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $23.29 billion for the quarter, compared to the consensus estimate of $23.07 billion. NTT had a net margin of 7.66% and a return on equity of 10.50%.

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.