Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Shares Shorted: Short Interest Down 87.0% in October

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 62,914 shares, a decline of 87.0% from the September 30th total of 483,794 shares. Based on an average trading volume of 171,881 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Bandai Namco Price Performance

Bandai Namco stock opened at C$19.93 on Tuesday. Bandai Namco has a 12-month low of C$10.94 and a 12-month high of C$20.28. The firm has a 50 day moving average of C$18.09 and a 200 day moving average of C$14.02.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Bandai Namco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bandai Namco has a consensus rating of “Moderate Buy”.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and services built around a broad portfolio of intellectual property. Its businesses include toys and hobby products, video games, amusement facilities and machines, visual and music content, and related licensing and merchandising activities.

The company is known for franchises such as PAC-MAN, Tekken, Gundam, Tamagotchi, and its extensive character and animation properties. Through these brands, Bandai Namco produces console, PC, and mobile games; character toys and collectibles; arcade equipment; animation and other media content; and entertainment experiences for consumers of different ages.

Bandai Namco was established as a holding company in 2005 following the integration of Bandai and Namco.