TDK Corp. (OTCMKTS:TTDKY) Short Interest Update

TDK Corp. (OTCMKTS:TTDKY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 284,909 shares, a growth of 778.2% from the June 15th total of 32,444 shares. Based on an average daily volume of 503,442 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

TDK Stock Down 0.7%

Shares of OTCMKTS TTDKY traded down $0.15 during mid-day trading on Friday, reaching $21.18. The company had a trading volume of 81,040 shares, compared to its average volume of 203,523. The company has a market capitalization of $41.17 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.53. The stock has a fifty day moving average of $22.00 and a two-hundred day moving average of $16.89. TDK has a 12-month low of $10.85 and a 12-month high of $26.73.

TDK (OTCMKTS:TTDKY) last released 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 return on equity of 10.01% and a net margin of 7.87%.The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, equities research analysts expect that TDK will post 0.75 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.