Nippon Telegraph & Telephone Corp (OTCMKTS:NTTYY) Short Interest Down 21.3% in September

Nippon Telegraph & Telephone Corp (OTCMKTS:NTTYY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 50,500 shares, a drop of 21.3% from the September 15th total of 64,200 shares. Based on an average daily trading volume, of 443,100 shares, the short-interest ratio is presently 0.1 days.

A number of brokerages have issued reports on NTTYY. Citigroup cut Nippon Telegraph & Telephone from a “buy” rating to a “neutral” rating in a report on Monday, October 12th. ValuEngine upgraded Nippon Telegraph & Telephone from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd.

OTCMKTS NTTYY traded up $0.11 during trading on Friday, hitting $21.30. The stock had a trading volume of 360,276 shares, compared to its average volume of 199,507. The company has a market capitalization of $80.11 billion, a PE ratio of 10.00 and a beta of 0.11. The company’s 50-day moving average price is $21.81 and its two-hundred day moving average price is $23.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 1.01. Nippon Telegraph & Telephone has a 12 month low of $20.31 and a 12 month high of $27.00.

Nippon Telegraph & Telephone Company Profile

Nippon Telegraph and Telephone Corporation, together with its subsidiaries, provides fixed and mobile voice related services, IP/packet communications services, telecommunications equipment, system integration, and other services in Japan and internationally. It operates through five segments: Regional Communications Business, Long Distance and International Communications Business, Mobile Communications Business, Data Communications Business, and Other Business.

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