TDK Co. (OTCMKTS:TTDKY) Sees Large Decrease in Short Interest

TDK Co. (OTCMKTS:TTDKY) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 5,800 shares, a decrease of 84.7% from the July 15th total of 38,000 shares. Based on an average daily volume of 50,000 shares, the short-interest ratio is currently 0.1 days.

TDK Stock Performance

OTCMKTS:TTDKY traded down $1.70 during mid-day trading on Monday, reaching $60.75. The stock had a trading volume of 20,800 shares, compared to its average volume of 21,380. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 1.70. The business has a 50 day simple moving average of $62.15 and a 200 day simple moving average of $53.93. TDK has a twelve month low of $33.73 and a twelve month high of $71.84. The firm has a market capitalization of $23.62 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 0.85 and a beta of 0.88.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.50. TDK had a return on equity of 9.96% and a net margin of 7.96%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. On average, analysts expect that TDK will post 2.91 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.