Short Interest in TDK Corp. (OTCMKTS:TTDKY) Expands By 126.0%

Key Points

• Short interest in TDK Corp. increased by 126.0% in September, rising from 31,500 shares on September 15th to 71,200 shares by September 30th.
• TDK Corp. reported earnings of $0.15 per share, which surpassed the consensus estimate of $0.14, and had a revenue of $3.62 billion for the quarter.
• The company's market capitalization is currently valued at $29.72 billion, with a P/E ratio of 29.40 and a beta of 0.77.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 71,200 shares, a growth of 126.0% from the September 15th total of 31,500 shares. Based on an average trading volume of 121,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 121,800 shares, the days-to-cover ratio is currently 0.6 days.

TDK Stock Performance

TTDKY stock opened at $15.29 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.27. The business has a 50-day moving average price of $13.91 and a 200 day moving average price of $11.93. The company has a market capitalization of $29.72 billion, a P/E ratio of 29.40, a PEG ratio of 1.54 and a beta of 0.77. TDK has a 1-year low of $8.10 and a 1-year high of $15.60.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $529.65 billion. TDK had a return on equity of 8.25% and a net margin of 6.73%. As a group, equities research analysts forecast that TDK will post 0.61 EPS for the current fiscal year.

TDK Company Profile

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.