TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 60.2% in August

TDK Corp. (OTCMKTS:TTDKY) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 21,840 shares, a growth of 60.2% from the July 30th total of 13,635 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 226,106 shares, the days-to-cover ratio is currently 0.1 days.

TDK Price Performance

TDK stock opened at $19.15 on Tuesday. The business’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $18.29. TDK has a 12 month low of $11.91 and a 12 month high of $26.73. The company has a market cap of $37.22 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.19 and a beta of 1.30. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TDK currently has an average rating of “Buy”.

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.