Short Interest in Nintendo Co., Ltd. (OTCMKTS:NTDOY) Rises By 66.9%

Nintendo Co., Ltd. (OTCMKTS:NTDOY) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 324,700 shares, a growth of 66.9% from the March 15th total of 194,600 shares. Based on an average trading volume of 2,270,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Nintendo Trading Up 3.2 %

Shares of OTCMKTS NTDOY opened at $18.06 on Friday. The stock has a market cap of $93.82 billion, a price-to-earnings ratio of 40.13 and a beta of 0.63. Nintendo has a 1-year low of $11.36 and a 1-year high of $19.47. The stock’s 50-day moving average is $17.86 and its 200 day moving average is $15.60.

Nintendo (OTCMKTS:NTDOY) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Nintendo had a net margin of 25.83% and a return on equity of 12.14%. On average, analysts forecast that Nintendo will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Nintendo

Several institutional investors and hedge funds have recently bought and sold shares of NTDOY. GAMMA Investing LLC raised its holdings in Nintendo by 24.1% in the 1st quarter. GAMMA Investing LLC now owns 16,062 shares of the company’s stock worth $276,000 after purchasing an additional 3,114 shares in the last quarter. Sterling Capital Management LLC bought a new position in shares of Nintendo in the 4th quarter worth approximately $605,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Nintendo in the 4th quarter valued at approximately $2,633,000. SVB Wealth LLC bought a new stake in shares of Nintendo during the fourth quarter valued at approximately $192,000. Finally, Kornitzer Capital Management Inc. KS grew its stake in Nintendo by 49.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock worth $2,215,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Nintendo in a research report on Tuesday, March 25th. They set a “buy” rating for the company.

About Nintendo

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.