NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Sees Significant Increase in Short Interest

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYYGet Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 94,153 shares, a growth of 176.4% from the June 30th total of 34,059 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 413,998 shares, the days-to-cover ratio is currently 0.2 days.

NTT Trading Up 1.2%

OTCMKTS:NTTYY opened at $23.85 on Wednesday. NTT has a 12 month low of $21.47 and a 12 month high of $28.38. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $77.96 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 3.94 and a beta of 0.04. The firm has a fifty day simple moving average of $23.06 and a two-hundred day simple moving average of $24.00.

NTT (OTCMKTS:NTTYYGet Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. NTT had a net margin of 7.26% and a return on equity of 10.39%. The company had revenue of $25.46 billion for the quarter, compared to analysts’ expectations of $24.01 billion. Analysts expect that NTT will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Analysis on NTT

NTT Company Profile

(Get Free Report)

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.

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