TDK Corp. (OTCMKTS:TTDKY) Short Interest Down 94.2% in July

TDK Corp. (OTCMKTS:TTDKY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,563 shares, a decline of 94.2% from the June 30th total of 284,909 shares. Based on an average trading volume of 971,930 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

TDK Price Performance

Shares of TDK stock traded down $0.23 during trading hours on Friday, reaching $18.30. The stock had a trading volume of 150,361 shares, compared to its average volume of 292,556. The stock’s 50 day moving average is $22.05 and its 200 day moving average is $17.22. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. TDK has a twelve month low of $11.69 and a twelve month high of $26.73. The firm has a market capitalization of $35.57 billion, a PE ratio of 26.52, a PEG ratio of 1.40 and a beta of 1.28.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Equities analysts expect that TDK will post 0.75 earnings per share for the current fiscal year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.