Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) Sees Large Growth in Short Interest

Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 112,400 shares, an increase of 25.9% from the December 31st total of 89,300 shares. Based on an average daily volume of 284,300 shares, the days-to-cover ratio is currently 0.4 days.

Nippon Telegraph and Telephone Price Performance

Shares of NTTYY traded down $0.25 during mid-day trading on Monday, hitting $24.62. The company’s stock had a trading volume of 105,744 shares, compared to its average volume of 154,015. Nippon Telegraph and Telephone has a fifty-two week low of $22.25 and a fifty-two week high of $32.45. The firm has a 50-day moving average price of $24.95 and a 200 day moving average price of $25.26. The stock has a market capitalization of $83.94 billion, a price-to-earnings ratio of 10.70 and a beta of 0.15. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.99 and a quick ratio of 0.92.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.56 earnings per share for the quarter. Nippon Telegraph and Telephone had a return on equity of 10.74% and a net margin of 8.56%. The company had revenue of $22.52 billion during the quarter.

About Nippon Telegraph and Telephone

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.