Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Up 32.5% in March

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 35,935 shares, an increase of 32.5% from the February 26th total of 27,124 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 220,220 shares, the short-interest ratio is presently 0.2 days.

Nitto Denko Stock Performance

Shares of Nitto Denko stock opened at $19.36 on Tuesday. The firm has a market cap of $13.14 billion, a PE ratio of 14.67 and a beta of 0.88. The business’s 50 day simple moving average is $21.92 and its 200 day simple moving average is $23.45. Nitto Denko has a 52-week low of $15.32 and a 52-week high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. As a group, equities research analysts predict that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.