Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Up 192.9% in December

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 514,300 shares, a growth of 192.9% from the November 30th total of 175,600 shares. Based on an average daily volume of 3,092,200 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

NTDOY has been the subject of a number of research reports. Wolfe Research upgraded shares of Nintendo to a “hold” rating in a research report on Sunday, September 22nd. TD Cowen started coverage on Nintendo in a report on Monday, October 7th. They issued a “buy” rating for the company.

Nintendo Stock Up 0.3 %

Shares of OTCMKTS NTDOY traded up $0.04 during midday trading on Friday, reaching $14.68. 427,142 shares of the stock were exchanged, compared to its average volume of 893,761. The firm has a 50-day simple moving average of $13.97 and a two-hundred day simple moving average of $13.64. The firm has a market cap of $76.26 billion, a price-to-earnings ratio of 31.23 and a beta of 0.45. Nintendo has a twelve month low of $11.36 and a twelve month high of $15.59.

Institutional Trading of Nintendo

A number of institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in Nintendo during the third quarter worth about $99,000. O Brien Greene & Co. Inc boosted its holdings in shares of Nintendo by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after purchasing an additional 995 shares during the last quarter. Finally, Appleton Partners Inc. MA grew its position in shares of Nintendo by 0.6% in the third quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after purchasing an additional 780 shares in the last quarter. 0.02% of the stock is owned by institutional investors and hedge funds.

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.