Nitto Denko Corp. (OTCMKTS:NDEKY) Stock Short Interest Jumps 329.6%

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 170,224 shares, a growth of 329.6% from the September 15th total of 39,626 shares. Based on an average daily volume of 321,550 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Nitto Denko Trading Up 3.0%

NDEKY stock traded up $0.66 during trading on Friday, reaching $22.88. 23,806 shares of the stock were exchanged, compared to its average volume of 189,869. The firm has a market capitalization of $15.53 billion, a price-to-earnings ratio of 17.47 and a beta of 0.83. The business has a 50 day moving average price of $21.81 and a 200-day moving average price of $20.47. Nitto Denko has a 1 year low of $17.75 and a 1 year high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, research analysts anticipate that Nitto Denko will post 1.30 EPS for the current year.

Nitto Denko Company Profile

Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.

Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.