Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Up 537.9% in May

Nitto Denko Co. (OTCMKTS:NDEKY - Get Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 18,500 shares, a growth of 537.9% from the April 30th total of 2,900 shares. Based on an average daily volume of 59,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Nitto Denko Stock Down 0.1%

NDEKY stock traded down $0.01 during midday trading on Monday, reaching $18.17. 37,599 shares of the company's stock traded hands, compared to its average volume of 47,997. The company has a 50-day simple moving average of $17.88 and a two-hundred day simple moving average of $17.75. Nitto Denko has a 1-year low of $12.80 and a 1-year high of $20.91. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 15.72 and a beta of 0.86.

Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The technology company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.40). Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.53 billion. Equities research analysts forecast that Nitto Denko will post 1.23 EPS for the current year.

About Nitto Denko

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.