Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Down 25.0% in November

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 29,700 shares, a decline of 25.0% from the October 31st total of 39,600 shares. Based on an average daily trading volume, of 56,300 shares, the short-interest ratio is currently 0.5 days.

Nitto Denko Price Performance

Shares of OTCMKTS NDEKY traded up $0.25 during mid-day trading on Friday, hitting $15.89. 9,902 shares of the company’s stock traded hands, compared to its average volume of 30,460. Nitto Denko has a 1 year low of $12.80 and a 1 year high of $19.43. The company’s 50-day moving average is $20.13 and its two-hundred day moving average is $32.95. The company has a market capitalization of $11.23 billion, a P/E ratio of 13.60 and a beta of 0.93.

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.