TDK Corp. (OTCMKTS:TTDKY) Stock Short Interest Report for October

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 20,666 shares, a decrease of 36.4% from the September 30th total of 32,474 shares. Based on an average daily trading volume, of 221,927 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

TDK Stock Down 5.0%

Shares of TTDKY opened at $15.81 on Tuesday. TDK has a 52-week low of $11.91 and a 52-week high of $26.73. The company has a market capitalization of $30.73 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. The stock has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $17.90. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings results on Friday, October 30th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The business had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.11 billion. TDK had a return on equity of 9.15% and a net margin of 7.87%. As a group, equities analysts forecast that TDK will post 0.91 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About TDK

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.