TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 54.9% in July

Key Points

• TDK Corp. experienced a significant increase in short interest, rising 54.9% in July, with total short interest at 41,200 shares as of July 15th.
• The company reported earnings of $0.15 per share for the quarter ended August 1st, exceeding estimates by $0.01, with revenue of $3.62 billion.
• TDK's current market capitalization stands at $24 billion, with a PE ratio of 23.74 and a beta of 0.67.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 41,200 shares, agrowthof54.9% from the June 30th total of 26,600 shares. Based on an average trading volume of 132,700 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 132,700 shares, the days-to-cover ratio is presently 0.3 days.

TDK Stock Performance

Shares of TTDKY traded up $0.35 during mid-day trading on Friday, hitting $13.17. The company's stock had a trading volume of 56,693 shares, compared to its average volume of 79,543. The firm has a market capitalization of $25.60 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.67. TDK has a one year low of $8.10 and a one year high of $14.12. The stock's 50-day moving average is $11.40 and its two-hundred day moving average is $10.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.30 and a current ratio of 1.67.

TDK (OTCMKTS:TTDKY - Get Free Report) last issued its earnings results on Friday, August 1st. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $529.65 billion. TDK had a return on equity of 8.31% and a net margin of 6.73%. As a group, sell-side analysts anticipate that TDK will post 0.61 EPS for the current 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.