NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 94,153 shares, a growth of 176.4% from the June 30th total of 34,059 shares. Based on an average daily volume of 413,998 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, Zacks Research upgraded NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.
View Our Latest Stock Report on NTT
NTT Price Performance
NTT (OTCMKTS:NTTYY – Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The firm had revenue of $25.46 billion for the quarter, compared to analysts’ expectations of $24.01 billion. As a group, research analysts predict that NTT will post 1.9 earnings per share for the current year.
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.
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