Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Decline in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 22,898 shares, a drop of 83.3% from the January 29th total of 136,786 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 145,252 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 145,252 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Nitto Denko Trading Up 0.6%

NDEKY stock traded up $0.14 during midday trading on Friday, reaching $23.21. 48,476 shares of the company’s stock traded hands, compared to its average volume of 123,358. Nitto Denko has a 52-week low of $15.32 and a 52-week high of $26.48. The stock has a market cap of $15.75 billion, a P/E ratio of 17.58 and a beta of 0.88. The stock’s 50-day moving average is $23.35 and its 200 day moving average is $23.79.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. As a group, research analysts expect that Nitto Denko will post 1.23 EPS for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.