Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) Sees Large Increase in Short Interest

Taiyo Yuden Co., Ltd. (OTCMKTS:TYOYY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 4,895 shares, an increase of 174.2% from the September 15th total of 1,785 shares. Based on an average daily volume of 52,340 shares, the days-to-cover ratio is currently 0.1 days.

Taiyo Yuden Stock Down 1.7%

Shares of Taiyo Yuden stock opened at $16.84 on Wednesday. Taiyo Yuden has a one year low of $4.96 and a one year high of $35.44. The business has a 50-day simple moving average of $40.03 and a 200 day simple moving average of $194.23.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered Taiyo Yuden to an “underweight” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

Taiyo Yuden Company Profile

Taiyo Yuden Co, Ltd. is a Japan-based manufacturer of electronic components used in communications, automotive systems, industrial equipment, and consumer electronics. The company is best known for multilayer ceramic capacitors, which store and regulate electrical energy in electronic circuits.

Its product portfolio also includes inductors, ferrite beads, noise-suppression components, high-frequency components, circuit modules, wireless communication devices, and other electronic components.