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

Nitto Denko Co. (OTCMKTS:NDEKY) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 1,400 shares, a decline of 89.6% from the November 30th total of 13,400 shares. Based on an average daily volume of 79,600 shares, the days-to-cover ratio is currently 0.0 days.

Nitto Denko Trading Up 1.9 %

NDEKY traded up $0.26 during trading on Thursday, reaching $16.78. The stock had a trading volume of 43,631 shares, compared to its average volume of 36,639. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 14.37 and a beta of 0.91. The stock’s 50 day moving average is $16.20 and its two-hundred day moving average is $30.18. Nitto Denko has a one year low of $12.80 and a one year high of $19.43.

About Nitto Denko

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.