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

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 1,400 shares, a decline of 89.6% from the November 30th total of 13,400 shares. Based on an average trading volume of 79,600 shares, the days-to-cover ratio is currently 0.0 days.

Nitto Denko Stock Performance

Nitto Denko stock traded up $0.32 during trading on Thursday, reaching $16.78. 43,631 shares of the company's stock were exchanged, compared to its average volume of 36,639. The company's 50-day moving average is $16.20 and its two-hundred day moving average is $30.18. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $19.43. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 14.37 and a beta of 0.91.

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.