Nintendo Co. (OTCMKTS:NTDOY) Short Interest Update

Nintendo Co. (OTCMKTS:NTDOY) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,302,907 shares, a growth of 60.6% from the August 31st total of 2,679,133 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,231,931 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analysts Forecast Growth

NTDOY has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Nintendo in a report on Friday, August 14th. UBS Group lowered Nintendo from a “neutral” rating to a “sell” rating in a report on Friday, September 25th. Finally, BNP Paribas Exane initiated coverage on Nintendo in a research report on Tuesday, September 22nd. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Nintendo has an average rating of “Hold”.

Hedge Funds Weigh In On Nintendo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Appleton Partners Inc. MA grew its stake in Nintendo by 27.9% during the first quarter. Appleton Partners Inc. MA now owns 163,035 shares of the company’s stock valued at $2,248,000 after acquiring an additional 35,581 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Nintendo by 11.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,987 shares of the company’s stock worth $143,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Nintendo by 47.6% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,100 shares of the company’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 0.02% of the company’s stock.

Nintendo Trading Up 0.3%

NTDOY traded up $0.04 on Wednesday, hitting $12.56. 514,932 shares of the company’s stock traded hands, compared to its average volume of 3,129,388. The company’s 50 day simple moving average is $13.00 and its 200-day simple moving average is $12.47. Nintendo has a one year low of $10.18 and a one year high of $22.89. The firm has a market cap of $64.67 billion, a price-to-earnings ratio of 19.03 and a beta of 0.43.

Nintendo (OTCMKTS:NTDOY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. Nintendo had a return on equity of 16.31% and a net margin of 21.00%.The business had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $2.72 billion. Nintendo has set its FY 2026 guidance at 0.429-0.429 EPS. As a group, equities analysts anticipate that Nintendo will post 0.58 EPS for the current fiscal year.

About Nintendo

Nintendo Co, Ltd. is a Japan-based entertainment company headquartered in Kyoto. Founded in 1889 by Fusajiro Yamauchi as a manufacturer of handmade hanafuda playing cards, the company later expanded into electronic games and became one of the world’s best-known interactive entertainment businesses.

Nintendo develops and publishes video game hardware, software and related accessories. Its product portfolio includes dedicated gaming systems such as the Nintendo Switch family, first-party games and franchises including Super Mario, The Legend of Zelda, Pokémon, Animal Crossing and Mario Kart, as well as digital content and services.