Nintendo Co. (OTCMKTS:NTDOY) Sees Significant Growth in Short Interest

Nintendo Co. (OTCMKTS:NTDOY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 5,838,232 shares, an increase of 188.7% from the June 30th total of 2,022,460 shares. Based on an average daily volume of 7,969,237 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Nintendo

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Brien Greene & Co. Inc raised its stake in Nintendo by 2.1% during the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after acquiring an additional 800 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Nintendo by 47.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Nintendo by 11.4% during the first quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock valued at $143,000 after purchasing an additional 1,023 shares in the last quarter. AdvisorShares Investments LLC raised its stake in shares of Nintendo by 4.9% during the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock valued at $872,000 after purchasing an additional 2,413 shares in the last quarter. Finally, DRW Securities LLC acquired a new stake in Nintendo in the fourth quarter worth about $295,000. 0.02% of the stock is currently owned by institutional investors and hedge funds.

Nintendo Price Performance

OTCMKTS:NTDOY opened at $11.70 on Wednesday. The firm has a market capitalization of $60.24 billion, a P/E ratio of 19.50 and a beta of 0.39. The business has a 50 day simple moving average of $11.04 and a 200 day simple moving average of $13.03. Nintendo has a 12-month low of $10.18 and a 12-month high of $24.92.

Nintendo (OTCMKTS:NTDOY) last posted its earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Nintendo had a return on equity of 13.74% and a net margin of 18.33%.The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. Research analysts anticipate that Nintendo will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NTDOY has been the topic of a number of research analyst reports. Benchmark reaffirmed a “buy” rating on shares of Nintendo in a report on Monday, May 11th. TD Cowen restated a “buy” rating on shares of Nintendo in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Nintendo Company Profile

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.