Short Interest in Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) Decreases By 48.3%

Bandai Namco Holdings Inc. – Unsponsored ADR (OTCMKTS:NCBDY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 25,245 shares, a drop of 48.3% from the July 30th total of 48,853 shares. Based on an average daily trading volume, of 52,243 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Bandai Namco from a “strong-buy” rating to a “sell” rating in a research report on Thursday, May 14th. Zacks Research upgraded Bandai Namco to a “hold” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Bandai Namco Trading Up 1.2%

Shares of NCBDY stock traded up C$0.21 on Friday, reaching C$17.75. The company’s stock had a trading volume of 58,852 shares, compared to its average volume of 26,810. Bandai Namco has a 12-month low of C$10.94 and a 12-month high of C$17.86. The stock’s 50 day simple moving average is C$14.15 and its 200-day simple moving average is C$12.93.

About Bandai Namco

Bandai Namco Holdings Inc is a Japanese multinational company specializing in the creation and distribution of entertainment products and services. Formed in 2005 through the merger of Bandai Co, Ltd. and Namco Ltd., the company brings together expertise in toy manufacturing, video game development and publishing, amusement facilities, and digital content. Its diverse portfolio spans physical playthings, interactive software, themed attractions and character licensing.

In its Toys & Hobby segment, Bandai Namco produces collectible models, action figures and playsets, including the popular Gundam plastic model kits and Dragon Ball figurines.