Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 7,400 shares, a decline of 86.7% from the January 15th total of 55,700 shares. Based on an average daily volume of 47,100 shares, the short-interest ratio is currently 0.2 days.

Nitto Denko Trading Down 2.1 %

NDEKY stock traded down $0.41 during midday trading on Friday, hitting $18.92. The stock had a trading volume of 12,715 shares, compared to its average volume of 121,289. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 16.13 and a beta of 0.89. The stock has a 50-day simple moving average of $17.28 and a 200 day simple moving average of $24.13. Nitto Denko has a 52 week low of $12.80 and a 52 week high of $20.91.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. On average, equities analysts forecast 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.