Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Significant Decrease in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 54,813 shares, a decrease of 47.9% from the June 30th total of 105,172 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 144,337 shares, the short-interest ratio is currently 0.4 days.

Nitto Denko Trading Up 3.5%

Shares of OTCMKTS NDEKY traded up $0.74 during mid-day trading on Wednesday, hitting $21.72. The company had a trading volume of 14,402 shares, compared to its average volume of 114,470. The stock’s 50-day moving average price is $19.58 and its 200-day moving average price is $20.70. Nitto Denko has a 1 year low of $17.75 and a 1 year high of $26.48. The company has a market capitalization of $14.74 billion, a price-to-earnings ratio of 16.58 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 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 1.335-1.335 EPS.

Analyst Upgrades and Downgrades

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

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.