TDK Corp. (OTCMKTS:TTDKY) Sees Significant Growth in Short Interest

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 large growth in short interest during 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 short-interest ratio is presently 0.3 days. Based on an average trading volume of 132,700 shares, the short-interest ratio is presently 0.3 days.

TDK Stock Performance

TDK stock opened at $12.35 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $24.00 billion, a PE ratio of 23.74, a P/E/G ratio of 1.47 and a beta of 0.67. The firm has a fifty day simple moving average of $11.31 and a two-hundred day simple moving average of $10.94. TDK has a twelve month low of $8.10 and a twelve month high of $14.12.

TDK (OTCMKTS:TTDKY - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $529.65 billion. TDK had a net margin of 6.73% and a return on equity of 8.31%. Research analysts expect 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.

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