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

Key Points

• TDK Corp. experienced a significant 72.5% decrease in short interest in August, dropping from 74,900 shares to 20,600 shares.
• The stock price of TDK opened at $12.81, reflecting a slight decline of 0.7%, with a market capitalization of $24.90 billion.
• In its latest quarterly earnings report, TDK posted an EPS of $0.15, surpassing estimates and achieving a revenue of $3.62 billion for the quarter.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) saw a significant decrease in short interest in August. As of August 15th, there was short interest totaling 20,600 shares, adecreaseof72.5% from the July 31st total of 74,900 shares. Based on an average daily volume of 192,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 192,000 shares, the short-interest ratio is currently 0.1 days.

TDK Price Performance

Shares of TTDKY stock traded up $0.42 during trading hours on Monday, reaching $14.20. 11,576 shares of the company were exchanged, compared to its average volume of 172,679. TDK has a fifty-two week low of $8.10 and a fifty-two week high of $14.20. The stock's fifty day moving average is $12.32 and its two-hundred day moving average is $11.13. The company has a market cap of $27.60 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.54 and a beta of 0.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.27.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its earnings results on Friday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. TDK had a net margin of 6.73% and a return on equity of 8.25%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $529.65 billion. Sell-side analysts forecast that TDK will post 0.61 earnings per share for the current fiscal year.

About TDK

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.