Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 10,741 shares, a decrease of 53.5% from the December 31st total of 23,089 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 77,763 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 77,763 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Nitto Denko Trading Down 0.9%

Shares of Nitto Denko stock opened at $22.02 on Friday. The stock’s fifty day simple moving average is $23.84 and its 200 day simple moving average is $23.43. The company has a market capitalization of $14.94 billion, a PE ratio of 16.68 and a beta of 0.88. Nitto Denko has a 12 month low of $15.32 and a 12 month high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Nitto Denko had a return on equity of 12.78% and a net margin of 13.14%. Analysts predict that Nitto Denko will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Nitto Denko from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Nitto Denko Company Profile

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.