Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Expands By 18.5%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 27,124 shares, a growth of 18.5% from the February 12th total of 22,898 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 84,047 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 84,047 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Nitto Denko Price Performance

NDEKY traded up $0.27 during trading on Monday, hitting $20.54. The company’s stock had a trading volume of 78,981 shares, compared to its average volume of 119,361. Nitto Denko has a twelve month low of $15.32 and a twelve month high of $26.48. The stock has a market cap of $13.94 billion, a PE ratio of 15.56 and a beta of 0.88. The firm’s 50 day moving average price is $22.76 and its 200-day moving average price is $23.70.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%. Equities analysts anticipate that Nitto Denko will post 1.23 earnings per share for the current year.

About Nitto Denko

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.