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

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 39,626 shares, a decrease of 52.3% from the August 31st total of 83,030 shares. Based on an average daily volume of 86,967 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Nitto Denko Price Performance

Shares of NDEKY traded up $0.03 on Thursday, reaching $22.13. 454,347 shares of the stock traded hands, compared to its average volume of 106,617. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 16.89 and a beta of 0.84. Nitto Denko has a 12 month low of $17.75 and a 12 month high of $26.48. The stock’s 50-day moving average price is $21.59 and its 200-day moving average price is $20.35.

Nitto Denko (OTCMKTS:NDEKY) last issued its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. As a group, equities research analysts forecast that Nitto Denko will post 1.3 earnings per share for the current fiscal year.

About Nitto Denko

Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.

Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.