Nitto Denko Co. (OTCMKTS:NDEKY – Get Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,700 shares, an increase of 159.1% from the August 15th total of 2,200 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 0.3 days.
Nitto Denko Stock Performance
OTCMKTS NDEKY traded up $0.84 during trading hours on Thursday, hitting $40.47. The company had a trading volume of 7,798 shares, compared to its average volume of 16,037. Nitto Denko has a 52 week low of $30.07 and a 52 week high of $48.58. The firm has a 50 day simple moving average of $40.19 and a 200 day simple moving average of $41.89. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 16.04 and a beta of 0.92.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last issued its earnings results on Friday, July 26th. The technology company reported $0.83 EPS for the quarter. Nitto Denko had a return on equity of 12.58% and a net margin of 12.91%. The business had revenue of $1.60 billion during the quarter.
About Nitto Denko
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.
Featured Articles
- Five stocks we like better than Nitto Denko
- How to Effectively Use the MarketBeat Ratings Screener
- 3 Leveraged ETFs to Multiply Returns
- Using the MarketBeat Dividend Tax Calculator
- A Tale of Two Titans: Unveiling the Value in Baidu and JD.com
- How to Calculate Stock Profit
- Is the AI-Capable iPhone 16 the Start of a Sales Super-Cycle?
Receive News & Ratings for Nitto Denko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nitto Denko and related companies with MarketBeat.com's FREE daily email newsletter.