Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Sees Significant Decline in Short Interest

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 48,853 shares, a decrease of 53.1% from the July 15th total of 104,162 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 100,004 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NCBDY shares. The Goldman Sachs Group downgraded Bandai Namco from a “strong-buy” rating to a “sell” rating in a research note on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bandai Namco currently has a consensus rating of “Reduce”.

Bandai Namco Stock Up 3.4%

Shares of OTCMKTS:NCBDY opened at C$17.02 on Friday. The firm’s 50-day simple moving average is C$12.95 and its 200-day simple moving average is C$12.63. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$19.67.

Bandai Namco Company Profile

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.