Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Up 2,071.4% in December

Nitto Denko Co. (OTCMKTS:NDEKY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 30,400 shares, a growth of 2,071.4% from the December 15th total of 1,400 shares. Based on an average daily volume of 58,400 shares, the days-to-cover ratio is currently 0.5 days.

Nitto Denko Trading Up 2.2 %

NDEKY stock traded up $0.37 on Wednesday, hitting $16.97. 35,585 shares of the company’s stock traded hands, compared to its average volume of 27,378. The stock has a market cap of $11.99 billion, a price-to-earnings ratio of 14.53 and a beta of 0.89. Nitto Denko has a 1-year low of $12.80 and a 1-year high of $19.43. The stock has a fifty day moving average of $16.36 and a 200-day moving average of $27.85.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.