Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Short Interest Update

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

Bandai Namco Price Performance

NCBDY opened at C$11.12 on Wednesday. The company’s 50 day moving average is C$11.76 and its 200 day moving average is C$12.72. Bandai Namco has a 12-month low of C$10.94 and a 12-month high of C$19.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NCBDY shares. Zacks Research raised shares of Bandai Namco to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group downgraded shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.