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

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 35,935 shares, a growth of 32.5% from the February 26th total of 27,124 shares. Based on an average trading volume of 220,220 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Nitto Denko Stock Performance

Nitto Denko stock opened at $18.94 on Monday. Nitto Denko has a one year low of $15.32 and a one year high of $26.48. The business has a fifty day moving average of $22.01 and a two-hundred day moving average of $23.48. The company has a market cap of $12.85 billion, a P/E ratio of 14.35 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Sell-side analysts predict that Nitto Denko will post 1.23 EPS 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.