Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Down 61.9% in November

Nintendo Co., Ltd. (OTCMKTS:NTDOY) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 175,600 shares, a decrease of 61.9% from the November 15th total of 460,600 shares. Based on an average daily trading volume, of 1,310,400 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Nintendo in a research report on Monday, October 7th. They set a “buy” rating for the company. Wolfe Research raised Nintendo to a “hold” rating in a research note on Sunday, September 22nd.

Hedge Funds Weigh In On Nintendo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Brien Greene & Co. Inc raised its holdings in shares of Nintendo by 2.7% in the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock worth $512,000 after acquiring an additional 995 shares during the last quarter. Appleton Partners Inc. MA raised its stake in Nintendo by 0.6% in the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock valued at $1,775,000 after purchasing an additional 780 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new position in Nintendo in the 3rd quarter valued at about $99,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Trading Down 1.1 %

Shares of OTCMKTS:NTDOY traded down $0.17 during midday trading on Friday, hitting $14.81. 717,667 shares of the stock were exchanged, compared to its average volume of 897,119. Nintendo has a twelve month low of $11.36 and a twelve month high of $15.59. The company has a 50 day moving average price of $13.68 and a 200-day moving average price of $13.57. The stock has a market cap of $76.93 billion, a P/E ratio of 31.51 and a beta of 0.45.

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.