Nintendo Co., Ltd. (OTCMKTS:NTDOY) Sees Large Drop in Short Interest

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

Hedge Funds Weigh In On Nintendo

A number of hedge funds have recently made changes to their positions in NTDOY. Appleton Partners Inc. MA raised its position in shares of Nintendo by 0.6% in the 3rd quarter. Appleton Partners Inc. MA now owns 133,225 shares of the company’s stock worth $1,775,000 after buying an additional 780 shares during the period. O Brien Greene & Co. Inc grew its position in Nintendo by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 38,505 shares of the company’s stock valued at $512,000 after acquiring an additional 995 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in Nintendo during the third quarter worth about $99,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Nintendo Stock Performance

Nintendo stock traded down $0.17 during trading on Friday, reaching $14.81. The company had a trading volume of 717,667 shares, compared to its average volume of 897,119. Nintendo has a 12-month low of $11.36 and a 12-month high of $15.59. The stock’s 50 day moving average price is $13.68 and its two-hundred day moving average price is $13.57. The firm has a market capitalization of $76.93 billion, a price-to-earnings ratio of 31.51 and a beta of 0.45.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Cowen initiated coverage on Nintendo in a research note on Monday, October 7th. They set a “buy” rating on the stock. Wolfe Research raised Nintendo to a “hold” rating in a research note on Sunday, September 22nd.

Nintendo Company Profile

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.