Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Co. (OTCMKTS:NDEKY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 67,900 shares, a growth of 817.6% from the January 31st total of 7,400 shares. Based on an average daily volume of 290,200 shares, the days-to-cover ratio is currently 0.2 days.

Nitto Denko Price Performance

NDEKY stock traded down $0.05 during midday trading on Thursday, hitting $19.77. The stock had a trading volume of 18,619 shares, compared to its average volume of 74,995. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 16.57 and a beta of 0.89. The business has a 50-day moving average of $17.78 and a two-hundred day moving average of $23.12. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $20.91.

Nitto Denko (OTCMKTS:NDEKY) last announced 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%. Research analysts predict that Nitto Denko will post 1.23 earnings per share for the current year.

About Nitto Denko

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.