Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Increase in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 27,887 shares, an increase of 190.1% from the May 31st total of 9,613 shares. Based on an average daily trading volume, of 134,522 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Nitto Denko Trading Up 0.2%

NDEKY stock traded up $0.03 during midday trading on Friday, hitting $19.55. 33,992 shares of the company’s stock were exchanged, compared to its average volume of 58,710. The business has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $21.33. The stock has a market capitalization of $13.27 billion, a PE ratio of 14.92 and a beta of 0.85. Nitto Denko has a 1-year low of $16.43 and a 1-year high of $26.48.

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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.