Short Interest in Nippon Telegraph & Telephone Corp (OTCMKTS:NTTYY) Declines By 18.6%

Nippon Telegraph & Telephone Corp (OTCMKTS:NTTYY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 120,300 shares, a decrease of 18.6% from the August 15th total of 147,700 shares. Based on an average trading volume of 132,200 shares, the days-to-cover ratio is presently 0.9 days.

Separately, ValuEngine raised Nippon Telegraph & Telephone from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd.

Shares of NTTYY stock traded up $0.39 during trading hours on Wednesday, reaching $21.81. The company had a trading volume of 188,933 shares, compared to its average volume of 183,319. Nippon Telegraph & Telephone has a 12 month low of $20.35 and a 12 month high of $27.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.98. The business has a fifty day simple moving average of $23.55 and a 200-day simple moving average of $23.25. The company has a market cap of $82.03 billion, a price-to-earnings ratio of 10.24 and a beta of 0.09.

About Nippon Telegraph & Telephone

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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