Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Down 47.9% in July

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 54,813 shares, a decline of 47.9% from the June 30th total of 105,172 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 144,337 shares, the short-interest ratio is presently 0.4 days.

Nitto Denko Stock Down 3.0%

Shares of OTCMKTS NDEKY traded down $0.65 during trading on Friday, reaching $21.10. 14,143 shares of the stock were exchanged, compared to its average volume of 113,443. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 16.11 and a beta of 0.84. The business’s 50-day moving average price is $19.68 and its 200 day moving average price is $20.67. Nitto Denko has a twelve month low of $17.75 and a twelve month high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share 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 for the quarter, compared to analyst estimates of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. As a group, sell-side analysts expect that Nitto Denko will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Nitto Denko

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.