Free Trial

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

Nitto Denko logo with Computer and Technology background
Remove Ads

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 67,900 shares, a growth of 817.6% from the January 31st total of 7,400 shares. Based on an average daily volume of 290,200 shares, the short-interest ratio is currently 0.2 days.

Nitto Denko Trading Down 3.0 %

NDEKY stock traded down $0.59 on Monday, hitting $19.10. The company had a trading volume of 66,557 shares, compared to its average volume of 72,119. Nitto Denko has a 12-month low of $12.80 and a 12-month high of $20.91. The stock has a market cap of $13.50 billion, a price-to-earnings ratio of 16.87 and a beta of 0.89. The stock's 50-day simple moving average is $17.92 and its 200 day simple moving average is $22.76.

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

Nitto Denko Company Profile

(Get Free Report)

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.

Read More

Should You Invest $1,000 in Nitto Denko Right Now?

Before you consider Nitto Denko, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nitto Denko wasn't on the list.

While Nitto Denko currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads