Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Declines By 57.1%

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 61,100 shares, a drop of 57.1% from the September 15th total of 142,400 shares. Based on an average trading volume of 120,000 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 120,000 shares, the days-to-cover ratio is presently 0.5 days.

NTT Trading Up 2.2%

OTCMKTS NTTYY opened at $26.38 on Friday. The stock’s 50 day simple moving average is $26.70 and its 200-day simple moving average is $26.36. NTT has a 1-year low of $22.80 and a 1-year high of $28.70. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.84 and a current ratio of 0.89.

NTT (OTCMKTS:NTTYY) last released its earnings results on Wednesday, August 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $22.12 billion during the quarter, compared to analysts’ expectations of $22.80 billion. NTT had a net margin of 7.20% and a return on equity of 9.02%.

NTT Company Profile

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.