Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 29,700 shares, a decline of 25.0% from the October 31st total of 39,600 shares. Based on an average trading volume of 56,300 shares, the short-interest ratio is presently 0.5 days.
Nitto Denko Trading Up 1.6 %
NDEKY stock traded up $0.25 during midday trading on Friday, reaching $15.89. 9,902 shares of the company's stock traded hands, compared to its average volume of 36,601. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $19.43. The stock has a market cap of $11.23 billion, a P/E ratio of 13.58 and a beta of 0.93. The stock's 50-day moving average is $20.13 and its 200 day moving average is $33.00.
About Nitto Denko
(
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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.
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