NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Shares Shorted: Short Interest Up 70.1% in October

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 32,515 shares, a growth of 70.1% from the September 30th total of 19,117 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 191,770 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised NTT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

NTT Stock Performance

Shares of NTTYY opened at $27.65 on Tuesday. The company has a 50-day moving average of $27.52 and a two-hundred day moving average of $24.92. The stock has a market cap of $90.38 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.23 and a beta of 0.07. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.49 and a quick ratio of 0.46. NTT has a one year low of $21.47 and a one year high of $30.05.

NTT (OTCMKTS:NTTYY) last released its quarterly 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 business had revenue of $22.97 billion for the quarter, compared to analyst estimates of $21.57 billion. NTT had a net margin of 7.17% and a return on equity of 10.45%. On average, equities research analysts expect that NTT will post 2.09 earnings per share for the current year.

NTT Company Profile

Nippon Telegraph and Telephone Corporation (NTT) is a Japan-based telecommunications and information technology company. Through its operating companies, NTT provides fixed-line and mobile communications, broadband internet, data center and cloud services, systems integration, cybersecurity, network infrastructure, and related digital solutions for consumers, businesses, and public-sector organizations.

NTT’s principal businesses include telecommunications services in Japan, global information and communications technology services, data and cloud platforms, and research and development in areas such as next-generation networks, artificial intelligence, and advanced communications technology.