Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 27,300 shares, a decrease of 42.9% from the February 28th total of 47,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 53,800 shares, the short-interest ratio is presently 0.5 days.

Nitto Denko Price Performance

Shares of NDEKY traded down $0.82 during mid-day trading on Friday, hitting $18.64. The stock had a trading volume of 18,478 shares, compared to its average volume of 55,745. The firm has a market cap of $13.17 billion, a P/E ratio of 17.19 and a beta of 0.84. Nitto Denko has a 52 week low of $12.80 and a 52 week high of $20.91. The business has a fifty day moving average price of $18.98 and a 200-day moving average price of $20.05.

Nitto Denko (OTCMKTS:NDEKY) last posted its earnings results on Monday, January 27th. The technology company reported $0.27 earnings per share for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, research analysts expect that Nitto Denko will post 1.23 earnings per share for the current fiscal year.

About Nitto Denko

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.