Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Declines By 86.7%

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,400 shares, a decrease of 86.7% from the January 15th total of 55,700 shares. Based on an average daily volume of 47,100 shares, the short-interest ratio is presently 0.2 days.

Nitto Denko Stock Performance

Shares of NDEKY stock opened at $19.33 on Friday. Nitto Denko has a one year low of $12.80 and a one year high of $20.91. The company has a 50 day moving average price of $17.17 and a 200 day moving average price of $24.46. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 16.13 and a beta of 0.89.

Nitto Denko (OTCMKTS:NDEKY) last issued its quarterly earnings results on Monday, January 27th. The technology company reported $0.27 EPS for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. As a group, equities analysts forecast that Nitto Denko will post 1.23 EPS for the current fiscal year.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.