Short Interest in Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Drops By 40.1%

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 66,670 shares, a decline of 40.1% from the May 14th total of 111,247 shares. Based on an average trading volume of 312,988 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Bandai Namco Price Performance

OTCMKTS NCBDY traded down C$0.31 on Monday, hitting C$11.14. 184,896 shares of the company were exchanged, compared to its average volume of 116,430. The company’s 50 day moving average price is C$11.81 and its 200-day moving average price is C$12.77. Bandai Namco has a twelve month low of C$10.94 and a twelve month high of C$19.67.

Analyst Upgrades and Downgrades

NCBDY has been the topic of several recent analyst reports. Zacks Research upgraded Bandai Namco to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group downgraded Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bandai Namco currently has an average 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.