Short Interest in TDK Corp. (OTCMKTS:TTDKY) Drops By 94.2%

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,563 shares, a decline of 94.2% from the June 30th total of 284,909 shares. Based on an average daily volume of 971,930 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

TDK Stock Down 1.2%

TDK stock opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The stock has a market capitalization of $35.57 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. The business has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $17.22. TDK has a 12 month low of $11.69 and a 12 month high of $26.73.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a net margin of 7.87% and a return on equity of 10.01%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, analysts anticipate that TDK will post 0.75 EPS for the current fiscal year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.