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

Key Points

• As of July 31st, TDK Corp. experienced a significant increase in short interest, rising by 81.8% from 41,200 to 74,900 shares.
• TDK reported quarterly earnings on August 1st, with an EPS of $0.15, exceeding the consensus estimate of $0.14.
• The company's stock opened at $13.02, with a market capitalization of $25.31 billion and a one-year trading range between $8.10 and $14.12.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 74,900 shares, agrowthof81.8% from the July 15th total of 41,200 shares. Based on an average trading volume of 179,900 shares, the short-interest ratio is presently 0.4 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average trading volume of 179,900 shares, the short-interest ratio is presently 0.4 days.

TDK Stock Up 1.5%

TDK stock traded up $0.19 during mid-day trading on Friday, reaching $13.10. The stock had a trading volume of 60,551 shares, compared to its average volume of 179,581. 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 $14.08. The stock's 50-day simple moving average is $11.83 and its 200-day simple moving average is $11.00. The firm has a market capitalization of $25.46 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 EPS for the quarter, beating analysts' consensus estimates 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 8.25% and a net margin of 6.73%. On average, sell-side analysts forecast that TDK will post 0.61 EPS 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.