Short Interest in TDK Corp. (OTCMKTS:TTDKY) Drops By 28.9%

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 56,842 shares, a decline of 28.9% from the March 31st total of 79,955 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 571,709 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen raised TDK from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Nomura raised TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, TDK presently has an average rating of “Strong Buy”.

TDK Price Performance

Shares of OTCMKTS TTDKY traded up $1.01 during trading on Thursday, reaching $18.66. The company had a trading volume of 266,352 shares, compared to its average volume of 292,833. TDK has a twelve month low of $10.14 and a twelve month high of $18.69. The stock has a market capitalization of $36.27 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 1.34 and a beta of 0.85. The stock has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $14.75. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a return on equity of 9.83% and a net margin of 7.85%.The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.71 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, sell-side analysts predict that TDK will post 0.69 earnings per share for the current year.

About TDK

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.