NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Sees Significant Drop in Short Interest

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 19,142 shares, a decline of 79.7% from the July 15th total of 94,153 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 254,743 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of NTT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

NTT Trading Up 1.2%

NTTYY stock traded up $0.30 during mid-day trading on Thursday, hitting $25.05. 59,890 shares of the company were exchanged, compared to its average volume of 163,932. NTT has a 12-month low of $21.47 and a 12-month high of $28.30. The firm has a market capitalization of $81.88 billion, a P/E ratio of 11.99, a PEG ratio of 4.20 and a beta of 0.04. The business has a fifty day simple moving average of $23.22 and a 200-day simple moving average of $23.95. The company has a quick ratio of 0.48, a current ratio of 0.51 and a debt-to-equity ratio of 1.11.

NTT (OTCMKTS:NTTYY) last announced its earnings results on Thursday, August 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a return on equity of 10.43% and a net margin of 7.17%. On average, equities research analysts predict that NTT will post 1.9 earnings per share for the current fiscal year.

NTT Company Profile

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.