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 large 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 days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

NTT Stock Performance

OTCMKTS NTTYY traded down $0.27 on Friday, hitting $24.16. 121,356 shares of the company traded hands, compared to its average volume of 157,881. The business’s 50 day moving average price is $24.57 and its 200-day moving average price is $25.03. NTT has a 52-week low of $23.31 and a 52-week high of $28.70. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $78.97 billion, a price-to-earnings ratio of 11.08 and a beta of 0.06.

NTT (OTCMKTS:NTTYY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. NTT had a return on equity of 10.50% and a net margin of 7.66%.The business had revenue of $23.29 billion during the quarter, compared to analysts’ expectations of $23.07 billion.

About NTT

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.