Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Shares Shorted: Short Interest Up 735.3% in September

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 483,794 shares, an increase of 735.3% from the September 15th total of 57,918 shares. Based on an average daily volume of 296,283 shares, the short-interest ratio is presently 1.6 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Bandai Namco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bandai Namco presently has a consensus rating of “Moderate Buy”.

Bandai Namco Stock Up 1.6%

OTCMKTS:NCBDY traded up C$0.29 during trading hours on Friday, hitting C$18.46. The stock had a trading volume of 129,174 shares, compared to its average volume of 134,490. The business has a 50 day simple moving average of C$17.39 and a two-hundred day simple moving average of C$13.93. Bandai Namco has a 1-year low of C$10.94 and a 1-year high of C$18.87.

About Bandai Namco

Bandai Namco Holdings Inc is a Japan-based entertainment company that develops and distributes products and services spanning video games, toys, amusement facilities and other forms of popular entertainment. Its businesses are built around creating and extending intellectual property across multiple platforms, including home consoles, personal computers, mobile devices, retail products and location-based attractions.

Through its digital entertainment operations, the company publishes and develops video games based on original and licensed properties.