NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Up 784.4% in January

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 102,364 shares, an increase of 784.4% from the January 15th total of 11,575 shares. Based on an average daily trading volume, of 236,628 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 236,628 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lowered shares of NTT from a “buy” rating to a “hold” rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NTT Price Performance

NTT stock traded up $0.13 during mid-day trading on Wednesday, hitting $24.99. 18,321 shares of the company were exchanged, compared to its average volume of 131,515. NTT has a 12-month low of $22.80 and a 12-month high of $28.70. The business’s 50 day simple moving average is $25.03 and its two-hundred day simple moving average is $25.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.92 and a current ratio of 0.98.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.06. The business had revenue of $23.29 billion for the quarter, compared to the consensus estimate of $23.07 billion. NTT had a return on equity of 10.32% and a net margin of 7.66%.

About NTT

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Established as a state-owned entity in 1952 and privatized in 1985, NTT provides a broad array of network services and IT solutions. The company’s core offerings include fixed‐line and mobile communications, high‐speed internet services, and network management for enterprise and consumer customers.

NTT’s business operations are organized across several key subsidiaries.