Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Shares Shorted: Short Interest Up 735.3% in September

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 483,794 shares, an increase of 735.3% from the September 15th total of 57,918 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 296,283 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Bandai Namco from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bandai Namco has a consensus rating of “Moderate Buy”.

Bandai Namco Stock Up 1.6%

Shares of Bandai Namco stock opened at C$18.46 on Friday. The stock’s fifty day simple moving average is C$17.39 and its 200 day simple moving average is C$13.93. Bandai Namco has a 12 month low of C$10.94 and a 12 month high of C$18.87.

About Bandai Namco

Bandai Namco Holdings Inc is a Japan-based entertainment company that develops and distributes products and services spanning video games, toys, amusement facilities and other forms of popular entertainment. Its businesses are built around creating and extending intellectual property across multiple platforms, including home consoles, personal computers, mobile devices, retail products and location-based attractions.

Through its digital entertainment operations, the company publishes and develops video games based on original and licensed properties.