Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Declines By 75.1%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,644 shares, a decrease of 75.1% from the April 30th total of 14,630 shares. Based on an average daily trading volume, of 416,040 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Nitto Denko Trading Down 5.1%

NDEKY stock traded down $1.01 during trading on Friday, reaching $18.73. 61,432 shares of the stock were exchanged, compared to its average volume of 211,572. The firm’s 50 day moving average is $19.74 and its 200 day moving average is $22.07. Nitto Denko has a twelve month low of $16.43 and a twelve month high of $26.48. The firm has a market cap of $12.71 billion, a P/E ratio of 14.30 and a beta of 0.87.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

About Nitto Denko

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.