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

Key Points

• Short interest jumped 32.5% in March to 35,935 shares (from 27,124 on Feb. 26), with a very low short-interest ratio of 0.2 days based on average daily volume of 220,220 shares.
• NDEKY stock opened at $18.94 and was down 3.1%, trading below its 50-day ($22.01) and 200-day ($23.48) moving averages, with a 12-month range of $15.32–$26.48, a market cap of $12.85 billion and a PE of 14.35.
• The company beat quarterly expectations—EPS $0.35 vs. $0.33 and revenue $1.72B vs. $1.64B—reporting a net margin of 13.14% and ROE of 12.71%, and analysts forecast about $1.23 in EPS for the current fiscal year.

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) saw a large 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. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 220,220 shares, the short-interest ratio is presently 0.2 days.

Nitto Denko Stock Down 3.1%

NDEKY stock opened at $18.94 on Friday. The business has a 50 day moving average of $22.01 and a 200 day moving average of $23.48. Nitto Denko has a twelve month low of $15.32 and a twelve month high of $26.48. The firm has a market cap of $12.85 billion, a PE ratio of 14.35 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. On average, research analysts expect that Nitto Denko will post 1.23 earnings per share for the current fiscal 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.

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