Nintendo Co., Ltd. (OTCMKTS:NTDOY) Short Interest Down 79.2% in March

Nintendo Co., Ltd. (OTCMKTS:NTDOY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 194,600 shares, a decrease of 79.2% from the February 28th total of 934,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,684,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Nintendo

Several hedge funds have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS lifted its position in Nintendo by 49.8% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 150,320 shares of the company’s stock valued at $2,215,000 after purchasing an additional 50,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Nintendo in the fourth quarter valued at approximately $2,633,000. GAMMA Investing LLC grew its holdings in Nintendo by 53.4% during the fourth quarter. GAMMA Investing LLC now owns 12,948 shares of the company’s stock worth $189,000 after acquiring an additional 4,509 shares during the period. Diversified Trust Co purchased a new position in Nintendo in the fourth quarter worth $182,000. Finally, SVB Wealth LLC acquired a new stake in Nintendo in the fourth quarter valued at $192,000. Institutional investors and hedge funds own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Nintendo Stock Down 1.7 %

NTDOY stock traded down $0.31 during trading on Friday, hitting $17.94. The company had a trading volume of 1,434,227 shares, compared to its average volume of 2,169,380. Nintendo has a 1-year low of $11.36 and a 1-year high of $19.47. The firm has a 50-day moving average price of $17.52 and a 200-day moving average price of $15.14. The firm has a market cap of $93.19 billion, a PE ratio of 39.87 and a beta of 0.39.

Nintendo (OTCMKTS:NTDOY) last released its earnings results on Tuesday, February 4th. The company reported $0.18 earnings per share (EPS) 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%. Sell-side analysts anticipate that Nintendo will post 0.44 earnings per share for the current year.

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.