Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Significant Growth in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 27,124 shares, a growth of 18.5% from the February 12th total of 22,898 shares. Based on an average trading volume of 84,047 shares, the days-to-cover ratio is presently 0.3 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 trading volume of 84,047 shares, the days-to-cover ratio is presently 0.3 days.

Nitto Denko Price Performance

Nitto Denko stock opened at $20.55 on Tuesday. The firm has a market capitalization of $13.95 billion, a P/E ratio of 15.57 and a beta of 0.88. Nitto Denko has a one year low of $15.32 and a one year high of $26.48. The business has a fifty day moving average price of $22.69 and a 200-day moving average price of $23.68.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings data 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. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%.The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.64 billion. Sell-side analysts expect that Nitto Denko will post 1.23 earnings per share for the current fiscal year.

About Nitto Denko

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.