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

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 39,626 shares, a decrease of 52.3% from the August 31st total of 83,030 shares. Based on an average trading volume of 86,967 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Nitto Denko Stock Performance

OTCMKTS NDEKY traded up $0.36 during trading hours on Tuesday, reaching $22.43. The stock had a trading volume of 25,565 shares, compared to its average volume of 103,774. Nitto Denko has a 52-week low of $17.75 and a 52-week high of $26.48. The stock has a fifty day moving average of $21.51 and a 200 day moving average of $20.33. The stock has a market cap of $15.22 billion, a P/E ratio of 17.12 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, equities research analysts forecast that Nitto Denko will post 1.3 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of 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, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japan-based materials manufacturer that develops and produces specialty products for industrial, electronics, automotive, medical and other markets. The company is known for its expertise in adhesives, polymer processing, coating and materials engineering.

Its product portfolio includes industrial and electronic adhesive tapes, protective and release films, optical films used in displays, sealing and insulation materials, semiconductor-related products, flexible printed circuit materials, and medical and healthcare products.