TDK Corp. (OTCMKTS:TTDKY) Stock Short Interest Drops 78.1%

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 13,264 shares, a decline of 78.1% from the August 31st total of 60,531 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 341,573 shares, the days-to-cover ratio is currently 0.0 days.

TDK Stock Up 1.5%

TTDKY stock opened at $18.96 on Friday. The firm has a market cap of $36.86 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.10 and a beta of 1.31. TDK has a 1-year low of $11.91 and a 1-year high of $26.73. The firm has a fifty day moving average price of $18.82 and a two-hundred day moving average price of $18.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11.

Analysts Set New Price Targets

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About TDK

TDK Corporation is a Japan-based electronic components and materials company that develops and manufactures products used in automotive, information and communications technology, consumer electronics, industrial equipment and other applications. The company serves customers worldwide through a global network of research, manufacturing and sales operations.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors, inductors and filters; sensors for automotive and industrial systems; power supplies and power-conversion products; magnetic components and recording-related technologies; and energy-storage products, including rechargeable batteries and battery materials.