Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Up 133.2% in August

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 58,862 shares, an increase of 133.2% from the August 15th total of 25,245 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 48,466 shares, the short-interest ratio is currently 1.2 days.

Bandai Namco Stock Up 0.9%

Shares of OTCMKTS NCBDY traded up C$0.17 during mid-day trading on Tuesday, hitting C$18.32. 10,746 shares of the company’s stock traded hands, compared to its average volume of 98,780. The company’s 50-day moving average is C$15.48 and its two-hundred day moving average is C$13.28. Bandai Namco has a 1 year low of C$10.94 and a 1 year high of C$18.32.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and experiences based on original and licensed intellectual properties. Its businesses span toys and hobby products, video games, arcade entertainment, amusement facilities, anime, music and other visual entertainment content.

Through its toys and hobby operations, the company offers character merchandise, collectibles, model kits and trading cards. Its digital business develops and publishes console, PC and mobile games, while its amusement operations provide arcade games, machines and entertainment venues.