Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) sees significant growth in short-term interest

Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY – Get Rating) saw a surge in short-term interest in August. As of August 31, there was short interest totaling 8,900 shares, an increase of 30.9% from the total of 6,800 shares as of August 15. Based on an average trading volume of 278,200 shares, the day-to-cover ratio is currently 0.0 day.

Analyst upgrades and downgrades

Several stock analysts have weighed in on the company. Citigroup upgraded Nippon Telegraph and Telephone from a “neutral” rating to a “buy” rating in a Monday, May 30 research note. Deutsche Bank Aktiengesellschaft downgraded Nippon Telegraph and Telephone from a “buy” rating to a “hold” rating in a Monday, June 27 report.

Nippon Telegraph and Telephone Stock down 0.5%

Shares of Nippon Telegraph and Telephone traded down $0.15 during Thursday’s trading, hitting $26.79. 198,244 shares of the stock traded in hands, compared to its average volume of 178,364. The stock has a market capitalization of $96.28 billion, a P/E ratio of 9.35, a PEG ratio of 1 .62 and a beta of 0.19. The company has a debt ratio of 0.63, a quick ratio of 0.85 and a current ratio of 0.91. Nippon Telegraph and Telephone has a 12-month low of $25.96 and a 12-month high of $31.92. The company has a fifty-day moving average price of $27.77 and a two-hundred-day moving average price of $28.94.

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Nippon Telegraph and Telephone (OTCMKTS:NTTYY – Get Rating) last announced its quarterly results on Monday, August 8. The company reported earnings per share (EPS) of $0.80 for the quarter. Nippon Telegraph and Telephone achieved a return on equity of 13.15% and a net margin of 9.78%. The company had revenue of $23.69 billion in the quarter. Equity research analysts expect Nippon Telegraph and Telephone to post EPS of 2.52 for the current fiscal year.

Nippon Telegraph and Telephone Company Profile

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Nippon Telegraph and Telephone Corporation provides fixed voice, mobile voice, IP/packet communications and system integration services in Japan and overseas. The Company’s Mobile Communications Business segment offers mobile phone and related services, including distribution of movies and music, e-books, finance and payment services, as well as smart life zone services and internet connection.

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