Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) Sees Large Decrease in Short Interest

Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 58,000 shares, a drop of 34.7% from the February 28th total of 88,800 shares. Based on an average daily trading volume, of 305,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Nippon Telegraph and Telephone Trading Down 1.6 %

Shares of OTCMKTS NTTYY traded down $0.40 during midday trading on Friday, hitting $24.30. The stock had a trading volume of 94,584 shares, compared to its average volume of 178,587. The company’s 50-day simple moving average is $24.50 and its 200 day simple moving average is $24.86. The firm has a market cap of $82.85 billion, a P/E ratio of 11.05 and a beta of 0.10. Nippon Telegraph and Telephone has a fifty-two week low of $22.25 and a fifty-two week high of $29.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.91.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.58 earnings per share for the quarter. Nippon Telegraph and Telephone had a return on equity of 10.04% and a net margin of 8.16%.

Nippon Telegraph and Telephone 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.