TDK Co. (OTCMKTS:TTDKY) Short Interest Up 84.7% in April

TDK Co. (OTCMKTS:TTDKYGet Rating) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 18,100 shares, an increase of 84.7% from the April 15th total of 9,800 shares. Based on an average trading volume of 88,800 shares, the short-interest ratio is presently 0.2 days.

Shares of TTDKY opened at $32.20 on Friday. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.48 and a beta of 1.16. TDK has a 52 week low of $30.11 and a 52 week high of $44.46. The stock’s 50-day moving average price is $32.92 and its 200-day moving average price is $37.12. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 0.23.

Separately, Zacks Investment Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a research report on Friday.

TDK Company Profile (Get Rating)

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.

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