Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Growth in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 35,935 shares, a growth of 32.5% from the February 26th total of 27,124 shares. Based on an average daily volume of 220,220 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Nitto Denko Trading Down 3.1%

Shares of NDEKY stock opened at $18.94 on Friday. Nitto Denko has a 12-month low of $15.32 and a 12-month high of $26.48. The firm’s 50 day moving average is $22.01 and its 200 day moving average is $23.48. The stock has a market capitalization of $12.85 billion, a P/E ratio of 14.35 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. As a group, equities analysts predict that Nitto Denko will post 1.23 earnings per share for the current year.

Nitto Denko Company Profile

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.