Short Interest in TDK Co. (OTCMKTS:TTDKY) Grows By 109.1%

TDK Co. (OTCMKTS:TTDKY) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 6,900 shares, an increase of 109.1% from the September 15th total of 3,300 shares. Based on an average daily trading volume, of 39,100 shares, the short-interest ratio is currently 0.2 days.

TDK Stock Down 1.8 %

OTCMKTS:TTDKY opened at $12.73 on Friday. TDK has a 1 year low of $7.19 and a 1 year high of $14.37. The company has a quick ratio of 1.30, a current ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a 50-day simple moving average of $62.61 and a 200-day simple moving average of $57.31.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Tuesday, July 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.50. TDK had a net margin of 7.96% and a return on equity of 9.83%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. On average, equities analysts forecast that TDK will post 0.15 earnings per share 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.