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

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the recipient 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 trading volume, of 3,092,200 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Nintendo in a report on Monday, October 7th. They set a “buy” rating on the stock. Wolfe Research upgraded Nintendo to a “hold” rating in a report on Sunday, September 22nd.

Nintendo Stock Up 0.3 %

NTDOY stock traded up $0.04 during midday trading on Friday, reaching $14.68. 427,142 shares of the company’s stock traded hands, compared to its average volume of 893,761. Nintendo has a 52 week low of $11.36 and a 52 week high of $15.59. The company has a market cap of $76.26 billion, a price-to-earnings ratio of 31.23 and a beta of 0.45. The firm’s fifty day moving average price is $13.97 and its 200-day moving average price is $13.64.

Institutional Investors Weigh In On Nintendo

Institutional investors and hedge funds have recently made changes to their positions in the business. O Brien Greene & Co. Inc increased its holdings in 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 in the last quarter. Appleton Partners Inc. MA lifted its position in shares of Nintendo by 0.6% during 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. Finally, ORG Wealth Partners LLC bought a new position in Nintendo in the 3rd quarter valued at $99,000. 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.