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

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

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.