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

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 74,775 shares, an increase of 48.2% from the July 30th total of 50,460 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 45,748 shares, the days-to-cover ratio is currently 1.6 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Nitto Denko Stock Up 1.1%

Shares of OTCMKTS NDEKY traded up $0.23 during mid-day trading on Tuesday, reaching $22.03. 9,761 shares of the company were exchanged, compared to its average volume of 102,443. Nitto Denko has a 52 week low of $17.75 and a 52 week high of $26.48. The company’s 50 day moving average price is $20.79 and its 200 day moving average price is $20.48. The stock has a market capitalization of $14.95 billion, a PE ratio of 16.82 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). Nitto Denko had a net margin of 12.94% and a return on equity of 12.35%. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, sell-side analysts predict that Nitto Denko will post 1.3 earnings per share for the current 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.