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

Nintendo Co., Ltd. (OTCMKTS:NTDOY - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 934,300 shares, a growth of 341.3% from the February 13th total of 211,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,045,000 shares, the days-to-cover ratio is presently 0.1 days.

Nintendo Price Performance

Shares of OTCMKTS NTDOY traded up $0.13 during midday trading on Wednesday, reaching $17.15. 1,644,530 shares of the stock traded hands, compared to its average volume of 2,474,532. The company's 50 day moving average is $16.77 and its 200 day moving average is $14.81. Nintendo has a one year low of $11.36 and a one year high of $19.47. The stock has a market capitalization of $89.09 billion, a PE ratio of 38.11 and a beta of 0.39.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last released 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 return on equity of 12.14% and a net margin of 25.83%. As a group, equities analysts forecast that Nintendo will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Nintendo

Hedge funds and other institutional investors have recently modified their holdings of the business. Diversified Trust Co bought a new position in Nintendo in the fourth quarter worth approximately $182,000. GAMMA Investing LLC increased its stake 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 during the period. SVB Wealth LLC bought a new stake in shares of Nintendo in the fourth quarter valued at about $192,000. Fulton Bank N.A. bought a new stake in shares of Nintendo in the 4th quarter valued at about $200,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of Nintendo in the 4th quarter worth approximately $605,000. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

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.

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