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

Nintendo Co. (OTCMKTS:NTDOY) was the target of a large 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. Based on an average trading volume of 7,998,453 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 7,998,453 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NTDOY. DRW Securities LLC bought a new position in shares of Nintendo in the fourth quarter worth $295,000. AdvisorShares Investments LLC grew its position in Nintendo by 4.9% during the fourth quarter. AdvisorShares Investments LLC now owns 51,703 shares of the company’s stock worth $872,000 after buying an additional 2,413 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Nintendo in the 4th quarter worth about $875,000. PNC Financial Services Group Inc. increased its stake in Nintendo by 13.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,964 shares of the company’s stock worth $151,000 after acquiring an additional 1,073 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its holdings in shares of Nintendo by 2.1% in the 4th quarter. O Brien Greene & Co. Inc now owns 38,050 shares of the company’s stock valued at $642,000 after acquiring an additional 800 shares in the last quarter. 0.02% of the stock is owned by institutional investors.

Nintendo Stock Down 1.0%

Shares of OTCMKTS NTDOY opened at $14.06 on Monday. The company has a market cap of $73.04 billion, a P/E ratio of 24.67 and a beta of 0.57. Nintendo has a 52 week low of $13.47 and a 52 week high of $24.92. The business has a 50-day simple moving average of $15.60 and a two-hundred day simple moving average of $19.41.

Wall Street Analyst Weigh In

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

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.