Short Interest in Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Drops By 40.1%

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 66,670 shares, a decline of 40.1% from the May 14th total of 111,247 shares. Based on an average trading volume of 312,988 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Bandai Namco Price Performance

Bandai Namco stock traded down C$0.31 during midday trading on Monday, hitting C$11.14. The company’s stock had a trading volume of 184,896 shares, compared to its average volume of 116,430. The stock’s 50-day moving average price is C$11.81 and its 200-day moving average price is C$12.77. Bandai Namco has a 12 month low of C$10.94 and a 12 month high of C$19.67.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. Zacks Research upgraded shares of Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with 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 “Reduce”.

About Bandai Namco

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.