Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Sees Significant Growth in Short Interest

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 65,437 shares, an increase of 1,605.0% from the June 15th total of 3,838 shares. Based on an average daily trading volume, of 266,609 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Bandai Namco Stock Performance

Bandai Namco stock traded down C$0.07 during midday trading on Friday, hitting C$12.41. 106,450 shares of the company were exchanged, compared to its average volume of 105,951. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$19.67. The company’s fifty day moving average price is C$11.63 and its 200-day moving average price is C$12.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NCBDY. The Goldman Sachs Group downgraded shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. Zacks Research raised shares of Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Bandai Namco has an average rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.