Nintendo Co. (OTCMKTS:NTDOY) Short Interest Up 83.1% in January

Nintendo Co. (OTCMKTS:NTDOY) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 6,548,237 shares, an increase of 83.1% from the December 31st total of 3,575,489 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 5,382,409 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 5,382,409 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.

Nintendo Trading Down 5.4%

Shares of Nintendo stock opened at $15.40 on Friday. The stock has a 50-day moving average price of $17.75 and a 200 day moving average price of $20.59. The company has a market cap of $80.00 billion, a P/E ratio of 29.06 and a beta of 0.58. Nintendo has a 1 year low of $15.25 and a 1 year high of $24.92.

Nintendo (OTCMKTS:NTDOY) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Nintendo had a net margin of 21.10% and a return on equity of 12.26%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $464.35 billion. On average, equities analysts forecast that Nintendo will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wolfe Research raised Nintendo from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 22nd. Finally, Freedom Capital upgraded shares of Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Trading of Nintendo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its position in shares of Nintendo by 76.1% in the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after purchasing an additional 809 shares during the period. First Horizon Advisors Inc. grew its position in Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after buying an additional 637 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Nintendo by 322.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock valued at $71,000 after acquiring an additional 3,225 shares during the period. PNC Financial Services Group Inc. raised its holdings in Nintendo by 13.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after acquiring an additional 724 shares in the last quarter. Finally, Diversified Trust Co lifted its position in shares of Nintendo by 18.6% in the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock worth $260,000 after acquiring an additional 1,882 shares during the period. Institutional investors and hedge funds own 0.02% of the company’s stock.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.