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

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 324,700 shares, a growth of 66.9% from the March 15th total of 194,600 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,270,300 shares, the short-interest ratio is presently 0.1 days.

Nintendo Price Performance

OTCMKTS:NTDOY traded up $0.56 on Thursday, reaching $18.06. 1,217,696 shares of the company’s stock were exchanged, compared to its average volume of 2,427,406. The firm has a market cap of $93.82 billion, a price-to-earnings ratio of 40.13 and a beta of 0.63. The stock has a fifty day simple moving average of $17.85 and a 200-day simple moving average of $15.54. Nintendo has a 52 week low of $11.36 and a 52 week high of $19.47.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. As a group, sell-side analysts predict that Nintendo will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Nintendo in a report on Tuesday, March 25th. They set a “buy” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Nintendo by 53.4% during the 4th quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock valued at $189,000 after buying an additional 4,509 shares in the last quarter. Diversified Trust Co bought a new position in Nintendo during the fourth quarter valued at approximately $182,000. Fulton Bank N.A. purchased a new position in shares of Nintendo during the fourth quarter worth approximately $200,000. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Nintendo by 49.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after acquiring an additional 50,000 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of Nintendo in the 4th quarter valued at $192,000. Institutional investors own 0.02% of the company’s stock.

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.