Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) Shares Shorted: Short Interest Up 174.2% in September

Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,895 shares, a growth of 174.2% from the September 15th total of 1,785 shares. Based on an average daily volume of 52,340 shares, the days-to-cover ratio is currently 0.1 days.

Taiyo Yuden Stock Down 1.7%

Shares of TYOYY stock opened at $17.13 on Tuesday. Taiyo Yuden has a 1-year low of $4.96 and a 1-year high of $35.44. The company has a 50-day moving average of $45.38 and a two-hundred day moving average of $194.80.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut shares of Taiyo Yuden to an “underweight” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Taiyo Yuden has a consensus rating of “Reduce”.

Taiyo Yuden Company Profile

Taiyo Yuden Co, Ltd. is a Japan-based manufacturer of electronic components used in a wide range of consumer, automotive, communications and industrial equipment. The company is best known for its passive components, particularly multilayer ceramic capacitors, inductors, electromagnetic interference filters and other components that help manage power, signals and electromagnetic noise in electronic devices.

Its product portfolio also includes wireless communication modules, circuit modules and energy-related products, along with electronic materials and components designed for applications such as smartphones, automotive systems, information technology equipment, telecommunications infrastructure and factory automation.