Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Up 31.8% in March

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 47,369 shares, a growth of 31.8% from the March 15th total of 35,935 shares. Based on an average daily trading volume, of 167,598 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Nitto Denko Stock Up 4.3%

Shares of Nitto Denko stock traded up $0.89 during trading hours on Friday, reaching $21.67. 5,765 shares of the company’s stock were exchanged, compared to its average volume of 103,618. Nitto Denko has a 1 year low of $16.40 and a 1 year high of $26.48. The company has a market capitalization of $14.71 billion, a P/E ratio of 16.42 and a beta of 0.94. The business has a fifty day moving average of $21.25 and a two-hundred day moving average of $23.16.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.64 billion. As a group, research analysts predict that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

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.