Short Interest in NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Grows By 3,757.3%

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 63,259 shares, a growth of 3,757.3% from the March 15th total of 1,640 shares. Based on an average daily volume of 393,825 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft cut shares of NTT from a “buy” rating to a “hold” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

NTT Stock Performance

OTCMKTS:NTTYY opened at $24.16 on Friday. The stock has a market cap of $78.97 billion, a P/E ratio of 11.08 and a beta of 0.06. The firm’s fifty day simple moving average is $24.55 and its 200 day simple moving average is $25.01. NTT has a twelve month low of $23.31 and a twelve month high of $28.70. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 1.29.

NTT (OTCMKTS:NTTYY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.65 earnings per share 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 analysts’ expectations of $23.07 billion. NTT had a net margin of 7.66% and a return on equity of 10.50%.

NTT Company Profile

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.