Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 11,900 shares, anincreaseof1,387.5% from the June 30th total of 800 shares. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is currently 0.3 days.
Nitto Denko Trading Up 1.0%
OTCMKTS NDEKY traded up $0.22 on Wednesday, hitting $21.82. The company's stock had a trading volume of 7,077 shares, compared to its average volume of 40,088. Nitto Denko has a 52-week low of $13.92 and a 52-week high of $23.73. The company's 50-day simple moving average is $19.03 and its 200 day simple moving average is $18.63. The firm has a market cap of $15.42 billion, a P/E ratio of 18.35 and a beta of 0.86.
Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its earnings results on Monday, July 28th. The technology company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.54). The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.64 billion. On average, research analysts forecast that Nitto Denko will post 1.23 EPS for the current fiscal year.
About Nitto Denko
(
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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.
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