Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Increases By 163.8%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,613 shares, an increase of 163.8% from the May 14th total of 3,644 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 207,926 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Nitto Denko Trading Up 0.6%

OTCMKTS NDEKY traded up $0.12 during trading hours on Friday, reaching $18.96. The company had a trading volume of 36,849 shares, compared to its average volume of 125,894. The stock has a 50-day moving average of $19.55 and a 200 day moving average of $21.67. Nitto Denko has a 1-year low of $16.43 and a 1-year high of $26.48. The stock has a market capitalization of $12.87 billion, a P/E ratio of 14.47 and a beta of 0.85.

Nitto Denko (OTCMKTS:NDEKY) last posted its earnings results on Monday, April 27th. The technology company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

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.