Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 27,887 shares, a growth of 190.1% from the May 31st total of 9,613 shares. Based on an average daily volume of 134,522 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Nitto Denko Stock Performance

OTCMKTS:NDEKY traded up $0.12 on Monday, hitting $19.67. The stock had a trading volume of 24,467 shares, compared to its average volume of 123,113. The firm’s fifty day simple moving average is $19.47 and its two-hundred day simple moving average is $21.31. The stock has a market cap of $13.35 billion, a P/E ratio of 15.02 and a beta of 0.85. Nitto Denko has a 1 year low of $16.43 and a 1 year high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.