Short Interest in Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) Declines By 66.8%

Nippon Telegraph and Telephone Co. (OTCMKTS:NTTYY) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 89,300 shares, a drop of 66.8% from the December 31st total of 268,800 shares. Based on an average daily trading volume, of 278,700 shares, the days-to-cover ratio is currently 0.3 days.

Nippon Telegraph and Telephone Stock Performance

Shares of OTCMKTS:NTTYY traded up $0.13 on Tuesday, reaching $24.76. 223,779 shares of the company’s stock were exchanged, compared to its average volume of 172,669. Nippon Telegraph and Telephone has a twelve month low of $22.25 and a twelve month high of $32.45. The company has a fifty day moving average of $24.99 and a 200-day moving average of $25.27. The company has a market capitalization of $84.42 billion, a price-to-earnings ratio of 10.77 and a beta of 0.15. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 0.73.

Nippon Telegraph and Telephone (OTCMKTS:NTTYY) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.56 earnings per share for the quarter. Nippon Telegraph and Telephone had a net margin of 8.56% and a return on equity of 10.74%. The business had revenue of $22.52 billion during the quarter.

Nippon Telegraph and Telephone Company Profile

Nippon Telegraph and Telephone Corporation operates as a telecommunications company in Japan and internationally. It operates through Integrated ICT Business, Regional Communications Business, Global Solutions Business, and Others segments. The Integrated ICT Business segment offers mobile phone, domestic inter-prefectural communications, international communications, solutions, and system development and related services.