TDK Corp. (OTCMKTS:TTDKY) Stock Short Interest Drops 78.1%

TDK Corp. (OTCMKTS:TTDKY) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 13,264 shares, a decline of 78.1% from the August 31st total of 60,531 shares. Based on an average daily trading volume, of 341,573 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

TDK Stock Up 1.5%

TTDKY stock opened at $18.96 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $18.82 and a 200-day simple moving average of $18.75. The company has a market capitalization of $36.86 billion, a P/E ratio of 27.88, a PEG ratio of 1.10 and a beta of 1.31. TDK has a twelve month low of $11.91 and a twelve month high of $26.73.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About TDK

TDK Corporation is a Japan-based electronic components and materials company that develops and manufactures products used in automotive, information and communications technology, consumer electronics, industrial equipment and other applications. The company serves customers worldwide through a global network of research, manufacturing and sales operations.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors, inductors and filters; sensors for automotive and industrial systems; power supplies and power-conversion products; magnetic components and recording-related technologies; and energy-storage products, including rechargeable batteries and battery materials.