Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Down 42.9% in March

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 27,300 shares, a decrease of 42.9% from the February 28th total of 47,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 53,800 shares, the days-to-cover ratio is currently 0.5 days.

Nitto Denko Price Performance

OTCMKTS NDEKY traded down $0.46 on Tuesday, reaching $18.44. 30,571 shares of the company's stock traded hands, compared to its average volume of 55,304. The stock has a market cap of $13.03 billion, a PE ratio of 17.19 and a beta of 0.84. The stock has a 50-day simple moving average of $19.01 and a 200 day simple moving average of $19.75. Nitto Denko has a 12 month low of $12.80 and a 12 month high of $20.91.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.27 earnings per share for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, analysts anticipate that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.