TDK Co. (OTCMKTS:TTDKY) Sees Large Decline in Short Interest

TDK Co. (OTCMKTS:TTDKY - Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 31st, there was short interest totalling 8,700 shares, a decline of 86.8% from the May 15th total of 65,900 shares. Based on an average daily volume of 227,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

TDK Stock Performance

Shares of OTCMKTS:TTDKY traded down $0.12 during midday trading on Friday, reaching $10.80. 60,626 shares of the company's stock traded hands, compared to its average volume of 221,091. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.63. TDK has a one year low of $8.10 and a one year high of $14.37. The company has a market cap of $20.99 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 0.79 and a beta of 0.69. The stock has a 50 day moving average of $10.42 and a 200 day moving average of $11.31.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). TDK had a net margin of 7.65% and a return on equity of 9.08%. The company had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $506.51 billion. As a group, equities research analysts anticipate 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.