NINTENDO CO LTD ADR (NTDOY) – Short Volatility Alert: Nintendo Co.

On Wednesday, shares of Nintendo Co., Ltd. (OTC: NTDOY) saw volatile short activity. After the activity, the stock price rose 2.45% to $56.92.

Overall sentiment for NTDOY was neutral.

The volatility alert signal is trending Bearish. Therefore, the recommendation is to Increase short exposure.

The volatility alert was produced on the previous trade date, 05/18/2022, with a volatility change of +42.30%. The current volatility indicator stands at 20.109.

Insight:
The Securities Lending Volatility Indicator is produced by Tidal Markets, in partnership with Benzinga Insights. Securities lending is primarily used to provide liquidity to short sellers. When unusual activity occurs in the securities lending markets, it acts as a forward indicator of what is likely to occur downstream in the ordinary stock market.

Understanding the volatility alert:
General sentiment is considered “bearish” when the security’s general market activity has been shown to indicate a negative directional basis, or is considered “bullish” when it indicates a positive directional basis. The Securities Lending Volatility Indicator provides a signal when it detects unusual short activity. Unusual short activity is based on a computer-generated algorithmic formula using securities lending transaction details such as the volume of shares sold short, the rate paid to short the shares and the type of collateral posted – among other variables. The current volatility is the calculated value of the securities lending volatility for the respective trading day. Volatility percentage change is the difference in volatility percentage between the two most recent days. The recommendation is a suggestive strategy, inferred from the strength of the signal trend, the current volatility and the percentage change in volatility. Recommendations may include “Strong Buy”, “Strong Sell”, “Increase Short Exposure”, “Reduce Short Exposure” or “Market Neutral”.

ANY INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR IMPLY INVESTMENT ADVICE

This article was submitted by an external contributor and may not represent the views and opinions of Benzinga.

About Larry Noble

Check Also

Friday’s Russell rebalancing could stoke more volatility in jittery stock market

A monitor displays stock information on the floor of the New York Stock Exchange (NYSE) …