Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Significant Decline in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 22,898 shares, a decline of 83.3% from the January 29th total of 136,786 shares. Based on an average trading volume of 145,252 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 145,252 shares, the days-to-cover ratio is presently 0.2 days.

Nitto Denko Trading Up 0.1%

OTCMKTS NDEKY traded up $0.03 during mid-day trading on Wednesday, reaching $23.40. 45,955 shares of the company’s stock traded hands, compared to its average volume of 180,122. Nitto Denko has a 1-year low of $15.32 and a 1-year high of $26.48. The company has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $23.79. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 17.70 and a beta of 0.88.

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