Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Up 2,071.4% in January

Nitto Denko Co. (OTCMKTS:NDEKY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 30,400 shares, an increase of 2,071.4% from the December 31st total of 1,400 shares. Based on an average trading volume of 58,400 shares, the days-to-cover ratio is presently 0.5 days.

Nitto Denko Stock Up 1.9 %

OTCMKTS NDEKY traded up $0.34 during trading hours on Wednesday, hitting $18.08. 7,902 shares of the stock were exchanged, compared to its average volume of 26,411. Nitto Denko has a 12-month low of $12.80 and a 12-month high of $19.43. The stock has a 50-day moving average of $16.58 and a 200 day moving average of $26.22. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 15.48 and a beta of 0.89.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, January 27th. The technology company reported $0.27 EPS for the quarter. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. On average, equities research analysts expect that Nitto Denko will post 1.22 earnings per share for the current year.

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.