Short Interest in Nintendo Co., Ltd. (OTCMKTS:NTDOY) Decreases By 45.9%

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 306,500 shares, a decline of 45.9% from the March 31st total of 567,000 shares. Based on an average daily trading volume, of 1,188,600 shares, the short-interest ratio is currently 0.3 days.

Nintendo Price Performance

Shares of NTDOY traded up $0.36 during mid-day trading on Friday, hitting $12.25. The company’s stock had a trading volume of 1,510,728 shares, compared to its average volume of 830,717. Nintendo has a fifty-two week low of $10.03 and a fifty-two week high of $15.01. The stock has a market capitalization of $63.64 billion, a price-to-earnings ratio of 16.33 and a beta of 0.39. The firm has a 50-day moving average price of $13.32 and a 200 day moving average price of $12.58.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Nintendo had a net margin of 29.25% and a return on equity of 20.77%. The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.52 billion. As a group, equities analysts anticipate that Nintendo will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Nintendo from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Institutional Trading of Nintendo

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Brien Greene & Co. Inc grew its position in Nintendo by 3.8% during the 3rd quarter. O Brien Greene & Co. Inc now owns 32,925 shares of the company’s stock worth $341,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Nintendo by 29.7% during the first quarter. GAMMA Investing LLC now owns 8,421 shares of the company’s stock valued at $114,000 after buying an additional 1,928 shares in the last quarter. SVB Wealth LLC raised its position in Nintendo by 32.3% during the fourth quarter. SVB Wealth LLC now owns 13,692 shares of the company’s stock valued at $178,000 after buying an additional 3,344 shares during the period. PNC Financial Services Group Inc. lifted its stake in Nintendo by 189.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,554 shares of the company’s stock worth $57,000 after acquiring an additional 3,636 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in Nintendo during the 4th quarter worth about $158,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.