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

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 27,887 shares, a growth of 190.1% from the May 31st total of 9,613 shares. Based on an average trading volume of 134,522 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nitto Denko presently has a consensus rating of “Hold”.

Nitto Denko Stock Up 0.2%

Nitto Denko stock traded up $0.03 during midday trading on Friday, reaching $19.55. The company’s stock had a trading volume of 33,992 shares, compared to its average volume of 58,710. Nitto Denko has a fifty-two week low of $16.43 and a fifty-two week high of $26.48. The company has a market cap of $13.27 billion, a P/E ratio of 14.92 and a beta of 0.85. The business has a 50-day simple moving average of $19.47 and a 200-day simple moving average of $21.33.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The business had revenue of $1.52 billion for 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.