Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Co. (OTCMKTS:NDEKY) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 67,900 shares, a growth of 817.6% from the January 31st total of 7,400 shares. Based on an average daily volume of 290,200 shares, the days-to-cover ratio is currently 0.2 days.

Nitto Denko Trading Down 0.1 %

Shares of NDEKY traded down $0.01 during midday trading on Friday, reaching $19.69. 25,198 shares of the stock were exchanged, compared to its average volume of 72,264. The company’s 50 day moving average is $17.92 and its two-hundred day moving average is $22.98. The company has a market capitalization of $13.92 billion, a P/E ratio of 16.57 and a beta of 0.89. Nitto Denko has a 52 week low of $12.80 and a 52 week high of $20.91.

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 net margin of 12.91% and a return on equity of 12.60%. On average, sell-side analysts expect that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

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.