Nintendo Co., Ltd. (OTCMKTS:NTDOY – Get Rating) was the target of strong short-term interest growth during the month of September. As of September 15, there were short interests totaling 89,800 shares, a growth of 41.4% from the total of 63,500 shares as of August 31. Based on an average daily volume of 769,000 shares, the short interest ratio is currently 0.1 day.
Nintendo Institutional Trade
A number of large investors have recently increased or reduced their stakes in the stock. OLD National Bancorp IN bought a new stake in Nintendo in the second quarter worth $244,000. Farmer Steven Patrick bought a new stake in Nintendo in Q2 worth around $546,000. Lyrical Asset Management LP purchased a new stake in Nintendo in Q1 worth approximately $918,000. Gagnon Securities LLC increased its stake in Nintendo by 2.5% during the first quarter. Gagnon Securities LLC now owns 15,966 shares of the company valued at $1,014,000 after buying 396 additional shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Nintendo by 57.0% during the first quarter. Pacer Advisors Inc. now owns 92,512 shares of the company worth $5,820,000 after purchasing an additional 33,590 shares during the period. Hedge funds and other institutional investors own 0.08% of the company’s shares.
Nintendo stock up 0.3%
Nintendo shares opened at $52.14 on Thursday. Nintendo has a 52-week low of $49.76 and a 52-week high of $68.25. The company’s 50-day moving average price is $53.29 and its two-hundred-day moving average price is $56.43. The stock has a market capitalization of $54.17 billion, a P/E ratio of 11.42 and a beta of 0.56.
Nintendo shares will split on Tuesday, October 4. The 4-1 split was announced on Tuesday, October 4. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, October 4.
Nintendo (OTCMKTS:NTDOY – Get Rating) last announced its quarterly earnings data on Wednesday, August 3. The company reported earnings per share (EPS) of $0.98 for the quarter, beating consensus analyst estimates of $0.72 from $0.26. The company posted revenue of $2.37 billion in the quarter, versus a consensus estimate of $3.23 billion. Nintendo had a return on equity of 25.41% and a net margin of 29.77%. On average, stock analysts expect Nintendo to post an EPS of 3.43 for the current year.
Wall Street analysts predict growth
Separately, Goldman Sachs reiterated a “buy” rating on Nintendo shares in a report on Wednesday, September 7. One analyst rated the stock with a sell rating, one gave the stock a hold rating, and five gave the stock a buy rating. According to MarketBeat, Nintendo currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.35.
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Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures and sells home entertainment products in Japan, the Americas, Europe and internationally. It offers video game platforms, playing cards, Karuta and other products; and handheld and home console hardware systems and related software.
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