TDK Co. (OTCMKTS:TTDKY) Short Interest Down 88.2% in October

TDK Co. (OTCMKTS:TTDKY) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,200 shares, a decline of 88.2% from the October 15th total of 10,200 shares. Based on an average daily volume of 170,900 shares, the short-interest ratio is presently 0.0 days.

TDK Price Performance

Shares of TDK stock traded down $0.20 during mid-day trading on Thursday, reaching $13.10. 96,507 shares of the stock traded hands, compared to its average volume of 104,080. The company has a quick ratio of 1.30, a current ratio of 1.69 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $37.39 and a 200 day moving average of $51.35. The stock has a market capitalization of $25.46 billion, a PE ratio of 21.48, a PEG ratio of 3.67 and a beta of 0.87. TDK has a fifty-two week low of $8.44 and a fifty-two week high of $14.37.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, November 1st. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.12. The business had revenue of $3.84 billion for the quarter. TDK had a return on equity of 10.08% and a net margin of 8.23%. On average, analysts predict that TDK will post 0.14 EPS for the current year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.