Short Interest in Nintendo Co. (OTCMKTS:NTDOY) Declines By 20.4%

Nintendo Co. (OTCMKTS:NTDOY) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,284,283 shares, a drop of 20.4% from the January 29th total of 5,382,906 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 7,998,453 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 7,998,453 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms have commented on NTDOY. Wolfe Research raised shares of Nintendo from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Nintendo from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Freedom Capital upgraded Nintendo from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 22nd. UBS Group upgraded shares of Nintendo from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 4th. Finally, China Renaissance reiterated a “sell” rating on shares of Nintendo in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Nintendo Trading Down 1.0%

Shares of OTCMKTS:NTDOY opened at $14.06 on Monday. The company has a 50-day moving average price of $15.60 and a 200-day moving average price of $19.41. The company has a market cap of $73.04 billion, a price-to-earnings ratio of 24.67 and a beta of 0.57. Nintendo has a 12 month low of $13.47 and a 12 month high of $24.92.

Institutional Investors Weigh In On Nintendo

A number of large investors have recently made changes to their positions in the business. Salomon & Ludwin LLC raised its holdings in shares of Nintendo by 76.1% during the third quarter. Salomon & Ludwin LLC now owns 1,872 shares of the company’s stock valued at $40,000 after acquiring an additional 809 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Nintendo by 34.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company’s stock worth $59,000 after purchasing an additional 637 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Nintendo by 322.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,225 shares of the company’s stock worth $71,000 after purchasing an additional 3,225 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Nintendo by 13.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company’s stock valued at $145,000 after purchasing an additional 724 shares in the last quarter. Finally, Diversified Trust Co boosted its stake in shares of Nintendo by 18.6% during the 3rd quarter. Diversified Trust Co now owns 11,980 shares of the company’s stock valued at $260,000 after purchasing an additional 1,882 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors.

About Nintendo

Nintendo Co, Ltd., headquartered in Kyoto, Japan, is a global entertainment company best known for designing, manufacturing and marketing video game hardware and software. Founded in 1889 as a playing-card company, Nintendo transitioned into electronic entertainment in the latter half of the 20th century and has since become one of the most recognizable names in interactive entertainment. The company serves markets worldwide, with major operations and customer bases in Japan, North America and Europe, and it maintains a presence through regional subsidiaries, distribution partners and digital storefronts.

Nintendo’s business spans console and handheld hardware, first-party software titles, digital services and licensing.