Short Interest in TDK Co. (OTCMKTS:TTDKY) Drops By 84.7%

TDK Co. (OTCMKTS:TTDKY) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 5,800 shares, a decrease of 84.7% from the July 15th total of 38,000 shares. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is presently 0.1 days.

TDK Trading Up 7.9 %

Shares of OTCMKTS:TTDKY traded up $4.84 during trading on Tuesday, reaching $66.19. 35,414 shares of the company traded hands, compared to its average volume of 21,454. The firm has a fifty day simple moving average of $62.35 and a 200 day simple moving average of $54.01. The company has a current ratio of 1.70, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. TDK has a 1-year low of $33.73 and a 1-year high of $71.84.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.50. TDK had a return on equity of 9.96% and a net margin of 7.96%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Analysts predict that TDK will post 3.43 EPS for the current fiscal year.

TDK Company Profile

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.