Short Interest in TDK Corp. (OTCMKTS:TTDKY) Decreases By 54.2%

TDK Corp. (OTCMKTS:TTDKY) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 11,399 shares, a decline of 54.2% from the December 15th total of 24,912 shares. Based on an average daily trading volume, of 214,674 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 214,674 shares, the short-interest ratio is presently 0.1 days.

TDK Trading Down 3.8%

OTCMKTS:TTDKY opened at $12.78 on Thursday. TDK has a 1 year low of $8.10 and a 1 year high of $18.51. The stock’s fifty day moving average price is $15.08 and its two-hundred day moving average price is $14.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22. The company has a market cap of $24.84 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.26 and a beta of 0.77.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. TDK had a return on equity of 9.32% and a net margin of 7.55%.The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. As a group, analysts expect that TDK will post 0.61 EPS for the current year.

About TDK

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.