Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Down 45.9% in April

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 306,500 shares, a decrease 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 days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Nintendo

A number of large investors have recently modified their holdings of NTDOY. PNC Financial Services Group Inc. raised its holdings in shares of Nintendo by 189.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,554 shares of the company’s stock worth $57,000 after buying an additional 3,636 shares in the last quarter. GAMMA Investing LLC bought a new position in Nintendo in the fourth quarter valued at about $90,000. Fulton Bank N.A. acquired a new position in Nintendo during the fourth quarter worth about $158,000. SVB Wealth LLC lifted its holdings in shares of Nintendo by 32.3% in the fourth quarter. SVB Wealth LLC now owns 13,692 shares of the company’s stock worth $178,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of Nintendo in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Price Performance

NTDOY traded up $0.36 on Friday, hitting $12.25. 1,510,728 shares of the stock were exchanged, compared to its average volume of 830,717. Nintendo has a 12 month low of $10.03 and a 12 month high of $15.01. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 16.33 and a beta of 0.39. The business has a 50-day moving average of $13.32 and a two-hundred day moving average 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. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.52 billion. Nintendo had a net margin of 29.25% and a return on equity of 20.77%. Equities research analysts expect that Nintendo will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein raised Nintendo from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.