TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 343.5% in January

TDK Corp. (OTCMKTS:TTDKY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 50,549 shares, a growth of 343.5% from the December 31st total of 11,399 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 272,605 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 272,605 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

TDK Trading Up 0.4%

OTCMKTS TTDKY opened at $12.62 on Thursday. The stock has a market capitalization of $24.53 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.05 and a beta of 0.77. The business has a 50 day simple moving average of $14.38 and a 200 day simple moving average of $14.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22. TDK has a one year low of $8.10 and a one year high of $18.51.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. TDK had a return on equity of 9.32% and a net margin of 7.55%. Research analysts expect that TDK will post 0.61 earnings per share for the current year.

TDK Company Profile

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.