Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 23,100 shares, a decrease of 50.1% from the August 15th total of 46,300 shares. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company's stock are short sold. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.7 days.
Nitto Denko Stock Performance
OTCMKTS:NDEKY opened at $23.35 on Friday. The firm has a market cap of $16.50 billion, a price-to-earnings ratio of 20.17 and a beta of 0.85. Nitto Denko has a 52 week low of $14.13 and a 52 week high of $24.07. The firm has a 50-day moving average price of $21.48 and a two-hundred day moving average price of $19.43.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.54). The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.64 billion. As a group, sell-side analysts forecast that Nitto Denko will post 1.23 earnings per share for the current year.
Nitto Denko Company Profile
(
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Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.
Further Reading
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