NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 188,841 shares, a growth of 74.5% from the April 15th total of 108,222 shares. Based on an average daily volume of 311,836 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research firms have issued reports on NTTYY. Zacks Research upgraded NTT to a “hold” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered NTT from a “buy” rating to a “hold” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

NTT Stock Up 0.3%

NTTYY traded up $0.08 on Monday, hitting $24.03. The company had a trading volume of 88,082 shares, compared to its average volume of 157,723. The stock has a fifty day moving average price of $24.24 and a 200-day moving average price of $24.68. NTT has a 12-month low of $23.31 and a 12-month high of $28.70. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.55 and a current ratio of 0.59. The stock has a market capitalization of $78.55 billion, a price-to-earnings ratio of 11.44 and a beta of 0.05.

NTT (OTCMKTS:NTTYY) last posted its earnings results on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. NTT had a return on equity of 10.43% and a net margin of 7.26%.The company had revenue of $25.46 billion for the quarter, compared to analyst estimates of $24.01 billion. Analysts predict that NTT will post 1.76 EPS for the current fiscal year.

NTT Company Profile

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.