Short Interest in TDK Corp. (OTCMKTS:TTDKY) Increases By 81.8%

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 target of a large increase in short interest in July. As of July 31st, there was short interest totaling 74,900 shares, anincreaseof81.8% from the July 15th total of 41,200 shares. Based on an average daily trading volume, of 179,900 shares, the days-to-cover ratio is currently 0.4 days. Currently,0.0% of the shares of the stock are short sold. Currently,0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 179,900 shares, the days-to-cover ratio is currently 0.4 days.

TDK Price Performance

Shares of TTDKY stock traded up $0.19 on Friday, reaching $13.10. The company's stock had a trading volume of 60,551 shares, compared to its average volume of 87,160. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 1.45 and a beta of 0.67. The stock's fifty day simple moving average is $11.88 and its 200-day simple moving average is $11.02. TDK has a 1 year low of $8.10 and a 1 year high of $14.08. The company has a current ratio of 1.65, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its 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. TDK had a return on equity of 8.25% and a net margin of 6.73%.The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $529.65 billion. Analysts forecast that TDK will post 0.61 earnings per share for the current fiscal 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.