Short Interest in TDK Co. (OTCMKTS:TTDKY) Grows By 74.3%

TDK Co. (OTCMKTS:TTDKY) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 38,000 shares, an increase of 74.3% from the June 30th total of 21,800 shares. Based on an average daily volume of 53,100 shares, the short-interest ratio is presently 0.7 days.

TDK Trading Up 2.6 %

TTDKY stock traded up $1.60 during midday trading on Friday, hitting $63.47. The company’s stock had a trading volume of 15,441 shares, compared to its average volume of 24,812. The company’s fifty day moving average price is $59.20 and its 200 day moving average price is $52.84. The company has a quick ratio of 1.30, a current ratio of 1.70 and a debt-to-equity ratio of 0.23. TDK has a twelve month low of $33.66 and a twelve month high of $71.62.

TDK (OTCMKTS:TTDKY) last released its earnings results on Friday, April 26th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.07). TDK had a net margin of 5.89% and a return on equity of 7.54%. The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.22 billion. As a group, sell-side analysts anticipate that TDK will post 2.91 EPS for the current year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of 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.