Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Drops By 53.5%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 10,741 shares, a decline of 53.5% from the December 31st total of 23,089 shares. Based on an average trading volume of 77,763 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 77,763 shares, the short-interest ratio is presently 0.1 days.

Nitto Denko Stock Performance

NDEKY opened at $22.16 on Friday. The business’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $23.45. The stock has a market capitalization of $15.04 billion, a P/E ratio of 16.79 and a beta of 0.88. Nitto Denko has a one year low of $15.32 and a one year high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Nitto Denko had a return on equity of 12.78% and a net margin of 13.14%. On average, equities research analysts forecast that Nitto Denko will post 1.23 EPS for the current fiscal year.

About Nitto Denko

Nitto Denko Corporation, trading over?the?counter in the U.S. under the symbol NDEKY, is a Japan?based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.