TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 60.2% in August

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 21,840 shares, a growth of 60.2% from the July 30th total of 13,635 shares. Based on an average daily trading volume, of 226,106 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

TDK Stock Down 2.5%

Shares of OTCMKTS TTDKY opened at $18.67 on Wednesday. TDK has a one year low of $11.91 and a one year high of $26.73. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11. The business’s fifty day moving average price is $19.87 and its 200-day moving average price is $18.31. The stock has a market capitalization of $36.29 billion, a PE ratio of 27.46, a P/E/G ratio of 1.18 and a beta of 1.30.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TDK currently has an average rating of “Buy”.

TDK Company Profile

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.