Short Interest in TDK Co. (OTCMKTS:TTDKY) Decreases By 62.5%

TDK Co. (OTCMKTS:TTDKY) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,200 shares, a drop of 62.5% from the February 13th total of 11,200 shares. Based on an average daily trading volume, of 357,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

TDK Stock Performance

Shares of TTDKY stock traded down $0.06 during mid-day trading on Friday, reaching $10.40. The stock had a trading volume of 118,557 shares, compared to its average volume of 249,891. TDK has a one year low of $8.61 and a one year high of $14.37. The firm has a market cap of $20.22 billion, a PE ratio of 18.25, a P/E/G ratio of 0.79 and a beta of 0.84. The firm’s 50 day simple moving average is $11.53 and its 200 day simple moving average is $23.89. The company has a quick ratio of 1.28, a current ratio of 1.63 and a debt-to-equity ratio of 0.18.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, January 31st. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). TDK had a return on equity of 9.08% and a net margin of 7.65%. On average, analysts forecast that TDK will post 0.61 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.