Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Stock Short Interest Declines 87.0%

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 62,914 shares, a drop of 87.0% from the September 30th total of 483,794 shares. Based on an average daily trading volume, of 171,881 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Bandai Namco Price Performance

OTCMKTS:NCBDY opened at C$18.66 on Thursday. The firm has a 50-day moving average of C$18.25 and a two-hundred day moving average of C$14.11. Bandai Namco has a 1-year low of C$10.94 and a 1-year high of C$20.28.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Bandai Namco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and services built around a broad portfolio of intellectual property. Its businesses include toys and hobby products, video games, amusement facilities and machines, visual and music content, and related licensing and merchandising activities.

The company is known for franchises such as PAC-MAN, Tekken, Gundam, Tamagotchi, and its extensive character and animation properties. Through these brands, Bandai Namco produces console, PC, and mobile games; character toys and collectibles; arcade equipment; animation and other media content; and entertainment experiences for consumers of different ages.

Bandai Namco was established as a holding company in 2005 following the integration of Bandai and Namco.