Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Up 277.1% in June

Nitto Denko Corp. (OTCMKTS:NDEKY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 105,172 shares, a growth of 277.1% from the June 15th total of 27,887 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 112,556 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

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

Nitto Denko Stock Performance

Shares of NDEKY stock traded up $0.40 during mid-day trading on Friday, hitting $19.85. 33,777 shares of the stock traded hands, compared to its average volume of 54,896. Nitto Denko has a twelve month low of $17.75 and a twelve month high of $26.48. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 15.15 and a beta of 0.84. The company’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $21.01.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm 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.

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.