Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Key Points

• Short interest rose 18.5% in February to 27,124 shares, but the short-interest ratio is just 0.3 days and the reported percentage of shares sold short is approximately 0.0%, implying short positions remain negligible relative to trading volume.
• Q4 results beat expectations, with EPS of $0.35 (vs. $0.33 est.) and revenue of $1.72B (vs. $1.64B est.); the stock trades at $20.54 with a market cap of $13.94B and a PE of 15.56, below its 50‑ and 200‑day moving averages.

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 27,124 shares, a growth of 18.5% from the February 12th total of 22,898 shares. Based on an average daily trading volume, of 84,047 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 84,047 shares, the short-interest ratio is presently 0.3 days.

Nitto Denko Stock Performance

OTCMKTS:NDEKY traded up $0.27 during mid-day trading on Monday, hitting $20.54. 78,981 shares of the company's stock traded hands, compared to its average volume of 119,361. The firm's 50 day simple moving average is $22.76 and its 200 day simple moving average is $23.70. Nitto Denko has a 1 year low of $15.32 and a 1 year high of $26.48. The company has a market cap of $13.94 billion, a PE ratio of 15.56 and a beta of 0.88.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Nitto Denko had a return on equity of 12.71% and a net margin of 13.14%.The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. 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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