Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Increases By 2,071.4%

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 30,400 shares, an increase of 2,071.4% from the December 31st total of 1,400 shares. Based on an average trading volume of 58,400 shares, the days-to-cover ratio is presently 0.5 days.

Nitto Denko Trading Up 1.9 %

Shares of NDEKY stock traded up $0.34 on Wednesday, reaching $18.08. 7,902 shares of the stock were exchanged, compared to its average volume of 26,411. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 15.48 and a beta of 0.89. The business’s 50 day moving average price is $16.58 and its 200 day moving average price is $26.22. Nitto Denko has a twelve month low of $12.80 and a twelve month high of $19.43.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. Equities research analysts forecast that Nitto Denko will post 1.22 earnings per share for the current year.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.