~$1.2B in dollar volume was found SHORT... Plotkin being the MOST VISIBLE publicly but He only represented about a third, or ~$420mm worth of short interest.
The took advantage of the soft market, absence of catalysts, the quickly advancing price to $58 over a short period, etc..
Now they cover!
In my humble opinion, CASH RICH 100+ year old Nintendo with ~$9B in cash (& no debt on the balance sheet) ought to have done another $1.2B buyback like they did some years back!! I think the new CEO was remiss in execution there when the stock was sub-$40 recently & KNOWN to have a large short position.
But with the Holiday fast approaching, online services launch this month, revenues & business doing well, the stock WILL REFLECT this as the stock moves into 2019. $NTDOY is in good shape, & showing signs of getting STRONGER with an emphasis on passive I.P. revenues, Pokemon GO!, Mobile, Excellent NEW titles forthcoming, Movies announced, Universal Theme Parks for Japan & abroad... TenCent China partnership, nVidia chip & Shield gaining a foothold in China & more...
I have NTDOY as a BUY down here...so does Goldman Sachs & quite a few others!!
GL
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