Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Update

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 323,900 shares, a growth of 26.0% from the August 15th total of 257,000 shares. Based on an average trading volume of 675,100 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Nintendo

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Group LLC bought a new stake in Nintendo in the 4th quarter valued at $6,983,000. Lyrical Asset Management LP lifted its position in Nintendo by 7.0% in the 4th quarter. Lyrical Asset Management LP now owns 221,197 shares of the company’s stock valued at $2,873,000 after acquiring an additional 14,377 shares in the last quarter. Appleton Partners Inc. MA lifted its position in Nintendo by 9.7% in the 2nd quarter. Appleton Partners Inc. MA now owns 132,445 shares of the company’s stock valued at $1,762,000 after acquiring an additional 11,755 shares in the last quarter. Confluence Investment Management LLC lifted its position in Nintendo by 2.1% in the 2nd quarter. Confluence Investment Management LLC now owns 56,139 shares of the company’s stock valued at $747,000 after acquiring an additional 1,178 shares in the last quarter. Finally, O Brien Greene & Co. Inc lifted its position in Nintendo by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock valued at $512,000 after acquiring an additional 995 shares in the last quarter. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Stock Performance

NTDOY traded up $0.11 during trading on Monday, reaching $13.47. 300,077 shares of the company’s stock were exchanged, compared to its average volume of 879,515. The company’s fifty day moving average price is $13.50 and its 200-day moving average price is $13.32. Nintendo has a fifty-two week low of $10.03 and a fifty-two week high of $15.01. The firm has a market capitalization of $69.97 billion, a PE ratio of 18.45 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Friday, August 2nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Nintendo had a net margin of 26.75% and a return on equity of 15.34%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.71 billion. Research analysts forecast that Nintendo will post 0.47 earnings per share for the current fiscal year.

About Nintendo

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.