Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Increases By 817.6%

Nitto Denko Co. (OTCMKTS:NDEKY) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 67,900 shares, an increase of 817.6% from the January 31st total of 7,400 shares. Based on an average trading volume of 290,200 shares, the short-interest ratio is presently 0.2 days.

Nitto Denko Price Performance

Shares of OTCMKTS NDEKY traded down $0.07 during mid-day trading on Friday, hitting $19.70. The company had a trading volume of 18,393 shares, compared to its average volume of 73,505. The company has a market capitalization of $13.92 billion, a PE ratio of 16.57 and a beta of 0.89. Nitto Denko has a 1-year low of $12.80 and a 1-year high of $20.91. The business’s 50-day simple moving average is $17.85 and its 200 day simple moving average is $23.10.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. On average, analysts expect that Nitto Denko will post 1.23 EPS for the current year.

About Nitto Denko

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.