Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Declines By 83.3%

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 22,898 shares, a drop of 83.3% from the January 29th total of 136,786 shares. Based on an average daily volume of 145,252 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 145,252 shares, the days-to-cover ratio is currently 0.2 days.

Nitto Denko Price Performance

Shares of OTCMKTS NDEKY traded down $0.35 during midday trading on Thursday, reaching $23.05. The company’s stock had a trading volume of 37,248 shares, compared to its average volume of 124,729. The stock has a market capitalization of $15.64 billion, a P/E ratio of 17.46 and a beta of 0.88. The firm has a 50 day moving average price of $23.36 and a 200-day moving average price of $23.79. Nitto Denko has a 12-month low of $15.32 and a 12-month high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings data on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.64 billion. On average, equities analysts predict that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

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.