Short Interest in Nintendo Co., Ltd. (OTCMKTS:NTDOY) Decreases By 61.9%

Nintendo Co., Ltd. (OTCMKTS:NTDOY) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 175,600 shares, a decrease of 61.9% from the November 15th total of 460,600 shares. Based on an average daily trading volume, of 1,310,400 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NTDOY. TD Cowen initiated coverage on Nintendo in a research report on Monday, October 7th. They set a “buy” rating on the stock. Wolfe Research raised shares of Nintendo to a “hold” rating in a research note on Sunday, September 22nd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Appleton Partners Inc. MA raised 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 buying an additional 780 shares during the last quarter. O Brien Greene & Co. Inc increased its holdings 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 during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Nintendo in the 3rd quarter worth $99,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

Nintendo Price Performance

Shares of Nintendo stock traded up $0.14 during trading hours on Thursday, hitting $15.09. The company’s stock had a trading volume of 2,223,312 shares, compared to its average volume of 894,528. The business has a 50 day moving average price of $13.61 and a two-hundred day moving average price of $13.54. Nintendo has a 12-month low of $11.36 and a 12-month high of $15.59.

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.