NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY – Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 29,742 shares, a drop of 70.9% from the January 29th total of 102,364 shares. Based on an average trading volume of 232,788 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 232,788 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft cut NTT from a “buy” rating to a “hold” rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.
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NTT Stock Performance
NTT (OTCMKTS:NTTYY – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.06. NTT had a return on equity of 10.50% and a net margin of 7.66%.The company had revenue of $23.29 billion during the quarter, compared to the consensus estimate of $23.07 billion.
About NTT
Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.
NTT’s business operations are organized across several key subsidiaries.
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