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

TDK Co. (OTCMKTS:TTDKY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 35,200 shares, a drop of 55.0% from the December 31st total of 78,200 shares. Based on an average trading volume of 248,000 shares, the days-to-cover ratio is presently 0.1 days.

TDK Trading Down 3.9 %

Shares of TDK stock traded down $0.49 during trading hours on Friday, hitting $12.10. The company’s stock had a trading volume of 112,403 shares, compared to its average volume of 126,382. TDK has a 12 month low of $8.61 and a 12 month high of $14.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.60 and a quick ratio of 1.25. The company has a market capitalization of $23.52 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.88. The stock has a 50 day moving average of $12.72 and a 200 day moving average of $34.89.

TDK (OTCMKTS:TTDKY) last released its earnings results on Friday, January 31st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). TDK had a net margin of 8.23% and a return on equity of 10.08%. Analysts predict that TDK will post 0.64 earnings per share for the current 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.