Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Growth in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 105,172 shares, an increase of 277.1% from the June 15th total of 27,887 shares. Based on an average daily volume of 112,556 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Nitto Denko Stock Performance

Shares of Nitto Denko stock traded down $0.01 during trading on Monday, reaching $19.84. The company had a trading volume of 33,415 shares, compared to its average volume of 119,549. Nitto Denko has a fifty-two week low of $17.75 and a fifty-two week high of $26.48. The company has a market cap of $13.47 billion, a price-to-earnings ratio of 15.15 and a beta of 0.84. The firm’s fifty day moving average is $19.36 and its 200-day moving average is $21.01.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate 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.