TDK Co. (OTCMKTS:TTDKY) Short Interest Down 88.2% in October

TDK Co. (OTCMKTS:TTDKY) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,200 shares, a decline of 88.2% from the October 15th total of 10,200 shares. Based on an average daily trading volume, of 170,900 shares, the days-to-cover ratio is presently 0.0 days.

TDK Stock Performance

Shares of OTCMKTS TTDKY traded down $0.01 during trading on Tuesday, reaching $13.23. The company had a trading volume of 78,140 shares, compared to its average volume of 104,325. The company’s fifty day moving average price is $39.44 and its 200-day moving average price is $51.83. The company has a current ratio of 1.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21. TDK has a 12 month low of $8.28 and a 12 month high of $14.37.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data on Friday, November 1st. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. TDK had a return on equity of 10.08% and a net margin of 8.23%. The firm had revenue of $3.84 billion during the quarter. As a group, sell-side analysts predict that TDK will post 0.14 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.