TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 343.5% in January

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 50,549 shares, a growth of 343.5% from the December 31st total of 11,399 shares. Based on an average trading volume of 272,605 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 272,605 shares, the short-interest ratio is currently 0.2 days.

TDK Price Performance

TTDKY stock opened at $12.58 on Wednesday. TDK has a 52-week low of $8.10 and a 52-week high of $18.51. The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.18. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.04 and a beta of 0.77. The business has a fifty day moving average of $14.44 and a two-hundred day moving average of $14.26.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. TDK had a return on equity of 9.32% and a net margin of 7.55%. As a group, research analysts anticipate that TDK will post 0.61 earnings per share for the current year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.