Nitto Denko Co. (OTCMKTS:NDEKY) Sees Large Increase in Short Interest

Nitto Denko Co. (OTCMKTS:NDEKY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 17,500 shares, an increase of 101.1% from the June 15th total of 8,700 shares. Based on an average trading volume of 31,500 shares, the short-interest ratio is presently 0.6 days.

Nitto Denko Trading Up 2.3 %

NDEKY opened at $42.19 on Friday. The stock has a fifty day moving average price of $39.64 and a 200 day moving average price of $42.05. Nitto Denko has a 1 year low of $30.07 and a 1 year high of $48.58. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 16.70 and a beta of 0.93.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings results on Friday, April 26th. The technology company reported $0.50 earnings per share (EPS) for the quarter. Nitto Denko had a return on equity of 10.72% and a net margin of 11.16%. The business had revenue of $1.49 billion during the quarter. As a group, sell-side analysts forecast that Nitto Denko will post 2.66 earnings per share for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.