Short Interest in NTT DATA Group Co. (OTCMKTS:NTDTY) Decreases By 69.4%

NTT DATA Group Co. (OTCMKTS:NTDTY) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 3,700 shares, a decrease of 69.4% from the September 30th total of 12,100 shares. Based on an average daily volume of 3,300 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of NTT DATA Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 26th.

NTT DATA Group Trading Down 1.8 %

NTDTY stock traded down $0.29 during midday trading on Friday, hitting $15.55. 15,654 shares of the company’s stock were exchanged, compared to its average volume of 11,515. NTT DATA Group has a one year low of $11.44 and a one year high of $18.80. The stock’s fifty day moving average price is $16.34 and its 200-day moving average price is $15.35. The company has a market cap of $21.81 billion, a PE ratio of 23.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.97.

NTT DATA Group (OTCMKTS:NTDTY) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter. NTT DATA Group had a return on equity of 5.02% and a net margin of 3.05%. The business had revenue of $7.13 billion during the quarter. Research analysts predict that NTT DATA Group will post 0.65 earnings per share for the current fiscal year.

NTT DATA Group Company Profile

NTT DATA Group Corporation provides IT and business services worldwide. It offers cloud, cybersecurity, data and intelligence, salesforce, SAP, ServiceNow, and application development and management, as well as 5G services. The company also provides consulting, industry solutions, business process services, and IT modernization and managed services.