Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Up 190.1% in June

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 27,887 shares, a growth of 190.1% from the May 31st total of 9,613 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 134,522 shares, the short-interest ratio is currently 0.2 days.

Nitto Denko Stock Performance

Shares of Nitto Denko stock traded down $0.12 during trading on Tuesday, hitting $19.63. 66,182 shares of the company’s stock were exchanged, compared to its average volume of 122,944. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 14.98 and a beta of 0.85. The business has a 50-day simple moving average of $19.45 and a 200-day simple moving average of $21.28. Nitto Denko has a 52-week low of $16.43 and a 52-week high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

Analyst Ratings Changes

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

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.