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

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY – Get Free Report) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 66,670 shares, a decrease of 40.1% from the May 14th total of 111,247 shares. Based on an average trading volume of 312,988 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

NCBDY has been the topic of a number of research reports. Zacks Research raised shares of Bandai Namco to a “hold” rating in a research note on Thursday, May 28th. The Goldman Sachs Group lowered Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

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Bandai Namco Stock Performance

Shares of OTCMKTS NCBDY traded up C$0.01 during mid-day trading on Tuesday, reaching C$11.15. 7,564 shares of the company’s stock were exchanged, compared to its average volume of 115,431. The company’s 50-day moving average is C$11.79 and its 200-day moving average is C$12.74. Bandai Namco has a 52-week low of C$10.94 and a 52-week high of C$19.67.

Bandai Namco Company Profile

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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.

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