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

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 35,935 shares, a growth of 32.5% from the February 26th total of 27,124 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 220,220 shares, the short-interest ratio is presently 0.2 days.

Nitto Denko Stock Down 3.1%

NDEKY stock opened at $18.94 on Friday. The business has a 50 day moving average of $22.01 and a 200 day moving average of $23.48. Nitto Denko has a twelve month low of $15.32 and a twelve month high of $26.48. The firm has a market cap of $12.85 billion, a PE ratio of 14.35 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last issued its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. On average, research analysts expect that Nitto Denko will post 1.23 earnings per share 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.