Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Significant Decrease in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 54,813 shares, a drop of 47.9% from the June 30th total of 105,172 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 144,337 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nitto Denko presently has a consensus rating of “Hold”.

Nitto Denko Stock Up 3.5%

NDEKY traded up $0.74 during trading on Wednesday, hitting $21.72. 14,402 shares of the company’s stock were exchanged, compared to its average volume of 114,470. The business’s 50 day moving average is $19.58 and its two-hundred day moving average is $20.70. Nitto Denko has a fifty-two week low of $17.75 and a fifty-two week high of $26.48. The stock has a market cap of $14.74 billion, a P/E ratio of 16.58 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 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 1.335-1.335 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.