NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 103,746 shares, a drop of 36.9% from the May 14th total of 164,319 shares. Based on an average daily volume of 236,550 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised NTT to a “hold” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

NTT Stock Down 0.3%

Shares of OTCMKTS NTTYY traded down $0.08 during trading on Tuesday, hitting $22.78. 23,445 shares of the company traded hands, compared to its average volume of 159,873. The firm has a market capitalization of $74.45 billion, a price-to-earnings ratio of 10.85 and a beta of 0.03. The business’s fifty day moving average is $23.84 and its 200 day moving average is $24.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.48 and a current ratio of 0.51. NTT has a fifty-two week low of $22.69 and a fifty-two week high of $28.38.

NTT (OTCMKTS:NTTYY) last issued its earnings results on Friday, May 8th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. NTT had a return on equity of 10.39% and a net margin of 7.26%.The company had revenue of $25.46 billion for the quarter, compared to analyst estimates of $24.01 billion. Equities research analysts predict that NTT will post 1.76 earnings per share for the current fiscal year.

NTT Company Profile

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.