Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Grows By 1,173.5%

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 136,786 shares, a growth of 1,173.5% from the January 15th total of 10,741 shares. Based on an average daily volume of 649,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 649,900 shares, the short-interest ratio is currently 0.2 days.

Nitto Denko Stock Performance

Shares of OTCMKTS NDEKY traded up $0.41 during trading hours on Tuesday, hitting $23.61. The stock had a trading volume of 46,983 shares, compared to its average volume of 187,262. The firm’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $23.64. Nitto Denko has a 52 week low of $15.32 and a 52 week high of $26.48. The company has a market capitalization of $16.02 billion, a P/E ratio of 17.58 and a beta of 0.88.

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 net margin of 13.14% and a return on equity of 12.78%. As a group, analysts expect that Nitto Denko will post 1.23 EPS for the current fiscal year.

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.