Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Rises By 1,173.5%

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 136,786 shares, a growth of 1,173.5% from the January 15th total of 10,741 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 649,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 649,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Nitto Denko Stock Performance

Shares of NDEKY stock traded up $0.41 during trading hours on Tuesday, reaching $23.61. The company had a trading volume of 46,983 shares, compared to its average volume of 187,262. Nitto Denko has a twelve month low of $15.32 and a twelve month high of $26.48. The stock’s fifty day simple moving average is $23.55 and its 200 day simple moving average is $23.64. The company has a market capitalization of $16.02 billion, a P/E ratio of 17.58 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a return on equity of 12.78% and a net margin of 13.14%. As a group, equities analysts expect that Nitto Denko will post 1.23 earnings per share 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.