NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Sees Large Growth in Short Interest

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYYGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 188,841 shares, an increase of 74.5% from the April 15th total of 108,222 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 311,836 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut NTT from a “buy” rating to a “hold” rating in a research report on Friday, February 6th. Zacks Research raised NTT to a “hold” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Read Our Latest Report on NTT

NTT Stock Performance

NTTYY traded up $0.27 on Tuesday, hitting $24.34. 11,870 shares of the company traded hands, compared to its average volume of 157,208. The company has a 50 day moving average of $24.25 and a 200-day moving average of $24.66. The company has a quick ratio of 0.55, a current ratio of 0.59 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $79.55 billion, a PE ratio of 11.59 and a beta of 0.05. NTT has a 12-month low of $23.31 and a 12-month high of $28.70.

NTT (OTCMKTS:NTTYYGet Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $25.46 billion during the quarter, compared to the consensus estimate of $24.01 billion. NTT had a return on equity of 10.43% and a net margin of 7.26%. Sell-side analysts anticipate that NTT will post 1.76 earnings per share for the current year.

About NTT

(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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