TDK Corp. (OTCMKTS:TTDKY) Stock Short Interest Falls 36.4%

TDK Corp. (OTCMKTS:TTDKY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 20,666 shares, a drop of 36.4% from the September 30th total of 32,474 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 221,927 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating. According to MarketBeat, TDK presently has a consensus rating of “Strong Buy”.

TDK Stock Performance

Shares of TDK stock opened at $15.88 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $18.73 and its two-hundred day moving average is $17.91. TDK has a 52 week low of $11.91 and a 52 week high of $26.73. The company has a market capitalization of $30.87 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

TDK (OTCMKTS:TTDKY) last released its earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The business had revenue of $5.19 billion during the quarter, compared to the consensus estimate of $5.11 billion. TDK had a return on equity of 9.86% and a net margin of 8.27%. As a group, analysts expect that TDK will post 0.91 earnings per share for the current year.

About TDK

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.