Short Interest in TDK Co. (OTCMKTS:TTDKY) Grows By 47.8%

TDK Co. (OTCMKTS:TTDKY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 10,200 shares, an increase of 47.8% from the September 30th total of 6,900 shares. Based on an average daily volume of 126,600 shares, the days-to-cover ratio is currently 0.1 days.

TDK Stock Up 1.0 %

OTCMKTS:TTDKY traded up $0.12 during mid-day trading on Monday, reaching $12.09. 72,000 shares of the stock were exchanged, compared to its average volume of 105,418. The company has a current ratio of 1.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21. TDK has a 1 year low of $7.19 and a 1 year high of $14.37. The company has a 50 day simple moving average of $51.47 and a 200-day simple moving average of $54.53.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Tuesday, July 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.50. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. TDK had a return on equity of 9.83% and a net margin of 7.96%. On average, equities analysts predict that TDK will post 0.14 earnings per share 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.