Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 11,900 shares, agrowthof1,387.5% from the June 30th total of 800 shares. Based on an average daily volume of 34,700 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 34,700 shares, the short-interest ratio is presently 0.3 days.

Nitto Denko Stock Performance

NDEKY stock opened at $21.27 on Monday. The business has a 50 day simple moving average of $18.91 and a 200-day simple moving average of $18.58. Nitto Denko has a 1 year low of $12.80 and a 1 year high of $23.73.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.54). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.64 billion. As a group, equities research analysts predict 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.