TDK Corp. (OTCMKTS:TTDKY) Short Interest Down 48.9% in May

TDK Corp. (OTCMKTS:TTDKY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 49,353 shares, a decline of 48.9% from the May 14th total of 96,625 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 575,243 shares, the days-to-cover ratio is presently 0.1 days.

TDK Price Performance

TTDKY opened at $22.21 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The firm has a market cap of $43.17 billion, a P/E ratio of 32.19, a PEG ratio of 1.87 and a beta of 1.24. TDK has a 52 week low of $10.14 and a 52 week high of $26.73. The business’s fifty day simple moving average is $18.94 and its 200 day simple moving average is $15.85.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to analyst estimates 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. As a group, equities research analysts anticipate that TDK will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded TDK from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

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.