NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) Short Interest Update

NTT Inc. – Sponsored ADR (OTCMKTS:NTTYY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 188,841 shares, an increase of 74.5% from the April 15th total of 108,222 shares. Based on an average daily volume of 311,836 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered NTT from a “buy” rating to a “hold” rating in a research note on Friday, February 6th. Zacks Research upgraded NTT to a “hold” rating in a research note on Wednesday, April 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, NTT presently has a consensus rating of “Hold”.

NTT Stock Up 0.3%

Shares of NTT stock traded up $0.08 during trading on Monday, hitting $24.03. 88,082 shares of the stock traded hands, compared to its average volume of 157,723. The firm has a market cap of $78.55 billion, a P/E ratio of 11.44 and a beta of 0.05. The company has a current ratio of 0.59, a quick ratio of 0.55 and a debt-to-equity ratio of 1.29. NTT has a 52-week low of $23.31 and a 52-week high of $28.70. The stock’s fifty day simple moving average is $24.24 and its 200 day simple moving average is $24.68.

NTT (OTCMKTS:NTTYY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. NTT had a return on equity of 10.43% and a net margin of 7.26%.The firm had revenue of $25.46 billion for the quarter, compared to analyst estimates of $24.01 billion. On average, equities analysts predict that NTT will post 1.76 earnings per share for the current fiscal year.

About NTT

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.