Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,853 shares, a drop of 53.1% from the July 15th total of 104,162 shares. Based on an average daily volume of 100,004 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are sold short.
Bandai Namco Trading Up 3.4%
Shares of Bandai Namco stock traded up C$0.56 during trading on Friday, hitting C$17.02. 26,682 shares of the company’s stock traded hands, compared to its average volume of 42,662. Bandai Namco has a 1 year low of C$10.94 and a 1 year high of C$19.67. The business has a 50-day simple moving average of C$12.95 and a 200-day simple moving average of C$12.63.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Zacks Research raised Bandai Namco to a “hold” rating in a research report 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.
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.
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