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Nippon Telegraph & Telephone Short ratio

What is the Short ratio of Nippon Telegraph & Telephone?

The Short ratio of Nippon Telegraph & Telephone Corp. is 0.88

What is the definition of Short ratio?



Short ratio is the number of shares sold short divided by the average daily volume.

= short interest / average daily volume

Short ratio is calculated by dividing the number of shares sold short by the average daily trading volume, generally over the last 30 trading days. The ratio represents the number of days it takes short sellers on average to repurchase all the borrowed shares. The ratio is used by both fundamental and technical traders to identify trends.

The percentage represents the number of days it takes short sellers on average to repurchase all the borrowed shares. Short selling is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them. In the event of an interim price decline, the short seller profits, since the cost of (re)purchase is less than the proceeds received upon the initial (short) sale. Conversely, the short position closes out at a loss if the price of a shorted instrument rises prior to repurchase. A high short ratio can be an indicator that there will be some buying pressure on the security that would increase its price.

Short ratio of companies in the Communication Services sector on OTC compared to Nippon Telegraph & Telephone

What does Nippon Telegraph & Telephone do?

Nippon Telegraph and Telephone Corporation provides fixed voice-related, mobile voice-related, IP/packet communications, and system integration services in Japan and internationally. The company's Mobile Communications Business segment offers mobile phone services and related services, including movie and music distribution, e-book, and finance and payment services, as well as smart life area and internet connection services. Its Regional Communications Business segment provides intra-prefectural communications services, and FTTH and other services. The company's Long Distance and International Communications Business segment offers inter-prefectural communications services, international communications services, and services related to the solutions business and related services. This segment primarily provides cloud, data center, migration and maintenance support, IT system building, professional security, ICT, network, managed, mobile connectivity, and other services, as well as teleconference, web conference, and video conference services. Its Data Communications Business segment offers network system and system integration services comprising ERP services, ICT outsourcing, consulting, system design and development, and other services. The company's Other Business segment engages in the acquisition, development, construction, lease, and management of real estate; design, management, and maintenance of buildings, equipment, and electric power facilities; development of smart energy solutions and energy management systems; credit card transaction settlement activities; development, production, operation, and maintenance of information communications systems and software; billing and collection of charges for communications and other activities; design and development of systems; finance; and technology transfer and technical consulting businesses. It also sells telecommunications equipment. The company was founded in 1952 and is headquartered in Tokyo, Japan.

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