Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Shares Shorted: Short Interest Up 735.3% in September

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 483,794 shares, an increase of 735.3% from the September 15th total of 57,918 shares. Based on an average daily trading volume, of 296,283 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.0% of the company’s stock are sold short.

Bandai Namco Stock Up 1.6%

NCBDY stock opened at C$18.46 on Friday. The business has a 50-day moving average of C$17.39 and a 200-day moving average of C$13.93. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$18.87.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Bandai Namco from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japan-based entertainment company that develops and distributes products and services spanning video games, toys, amusement facilities and other forms of popular entertainment. Its businesses are built around creating and extending intellectual property across multiple platforms, including home consoles, personal computers, mobile devices, retail products and location-based attractions.

Through its digital entertainment operations, the company publishes and develops video games based on original and licensed properties.