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

Key Points

• TDK Corp. experienced a 58.3% increase in short interest, reaching a total of 31,500 shares as of September 15th, indicating potential concern among investors.
• TDK stock opened at $15.18, reflecting a 2.9% increase, with a market capitalization of $29.51 billion.
• In its last quarterly earnings, TDK reported an EPS of $0.15, beating estimates, with a revenue of $3.62 billion, significantly lower than expected due to a possible reporting error.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 31,500 shares, a growth of 58.3% from the August 31st total of 19,900 shares. Based on an average trading volume of 159,300 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 159,300 shares, the short-interest ratio is currently 0.2 days.

TDK Stock Up 2.9%

TDK stock opened at $15.18 on Monday. The company has a market capitalization of $29.51 billion, a P/E ratio of 29.20, a PEG ratio of 1.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.65. TDK has a fifty-two week low of $8.10 and a fifty-two week high of $15.21. The stock has a 50-day simple moving average of $13.45 and a 200-day simple moving average of $11.63.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly 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 company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $529.65 billion. TDK had a return on equity of 8.25% and a net margin of 6.73%. Equities research analysts expect that TDK will post 0.61 earnings per share 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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