Short Interest in Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Decreases By 48.3%

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 25,245 shares, a decrease of 48.3% from the July 30th total of 48,853 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 52,243 shares, the short-interest ratio is presently 0.5 days.

Bandai Namco Price Performance

Shares of NCBDY stock traded up C$0.21 on Friday, hitting C$17.75. 58,852 shares of the company’s stock traded hands, compared to its average volume of 26,810. Bandai Namco has a one year low of C$10.94 and a one year high of C$17.86. The company’s fifty day simple moving average is C$14.15 and its 200 day simple moving average is C$12.93.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NCBDY shares. The Goldman Sachs Group downgraded shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Bandai Namco Company Profile

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.