Nintendo Co., Ltd. (OTCMKTS:NTDOY) Sees Large Drop in Short Interest

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 194,600 shares, a decrease of 79.2% from the February 28th total of 934,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,684,600 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nintendo

Several institutional investors and hedge funds have recently added to or reduced their stakes in NTDOY. GAMMA Investing LLC grew its holdings in shares of Nintendo by 53.4% during the fourth 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 purchased a new position in Nintendo during the fourth quarter valued at approximately $182,000. Fulton Bank N.A. acquired a new position in Nintendo in the 4th quarter valued at approximately $200,000. Kornitzer Capital Management Inc. KS increased its stake in Nintendo by 49.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock valued at $2,215,000 after buying an additional 50,000 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Nintendo in the 4th quarter worth approximately $192,000. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on shares of Nintendo in a research report on Tuesday. They issued a “buy” rating on the stock.

Nintendo Stock Up 3.1 %

Shares of OTCMKTS NTDOY traded up $0.55 during mid-day trading on Thursday, hitting $18.57. 908,188 shares of the company traded hands, compared to its average volume of 2,198,393. The business has a 50 day moving average of $17.46 and a two-hundred day moving average of $15.12. The stock has a market capitalization of $96.47 billion, a price-to-earnings ratio of 41.27 and a beta of 0.39. Nintendo has a 1 year low of $11.36 and a 1 year high of $19.47.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Nintendo will post 0.44 EPS for the current 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.