NTT DATA Group Co. (OTCMKTS:NTDTY) Sees Large Drop in Short Interest

NTT DATA Group Co. (OTCMKTS:NTDTY) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 3,700 shares, a drop of 69.4% from the September 30th total of 12,100 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded NTT DATA Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 26th.

NTT DATA Group Stock Performance

NTDTY stock traded up $0.12 during trading on Friday, reaching $15.68. 4,240 shares of the stock were exchanged, compared to its average volume of 11,489. NTT DATA Group has a twelve month low of $11.44 and a twelve month high of $18.80. The company has a market capitalization of $21.98 billion, a P/E ratio of 23.75 and a beta of 1.08. The stock has a 50 day simple moving average of $16.38 and a 200-day simple moving average of $15.36. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

NTT DATA Group (OTCMKTS:NTDTY) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $7.13 billion for the quarter. NTT DATA Group had a return on equity of 5.02% and a net margin of 3.05%. As a group, sell-side analysts anticipate that NTT DATA Group will post 0.65 earnings per share for the current year.

NTT DATA Group Company Profile

NTT DATA Group Corporation provides IT and business services worldwide. It offers cloud, cybersecurity, data and intelligence, salesforce, SAP, ServiceNow, and application development and management, as well as 5G services. The company also provides consulting, industry solutions, business process services, and IT modernization and managed services.