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

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 62,914 shares, a decrease of 87.0% from the September 30th total of 483,794 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 171,881 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Bandai Namco from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Bandai Namco Stock Performance

Shares of OTCMKTS:NCBDY opened at C$19.93 on Tuesday. The firm has a fifty day moving average price of C$18.09 and a 200 day moving average price of C$14.02. Bandai Namco has a fifty-two week low of C$10.94 and a fifty-two week high of C$20.28.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese entertainment company that develops and distributes products and services built around a broad portfolio of intellectual property. Its businesses include toys and hobby products, video games, amusement facilities and machines, visual and music content, and related licensing and merchandising activities.

The company is known for franchises such as PAC-MAN, Tekken, Gundam, Tamagotchi, and its extensive character and animation properties. Through these brands, Bandai Namco produces console, PC, and mobile games; character toys and collectibles; arcade equipment; animation and other media content; and entertainment experiences for consumers of different ages.

Bandai Namco was established as a holding company in 2005 following the integration of Bandai and Namco.