Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Down 42.9% in March

Nitto Denko Co. (OTCMKTS:NDEKY) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 27,300 shares, a decrease of 42.9% from the February 28th total of 47,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 53,800 shares, the short-interest ratio is presently 0.5 days.

Nitto Denko Trading Down 4.2 %

OTCMKTS NDEKY traded down $0.82 during trading hours on Friday, hitting $18.64. 18,478 shares of the company’s stock were exchanged, compared to its average volume of 55,745. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 17.19 and a beta of 0.84. The stock has a 50-day simple moving average of $18.98 and a 200 day simple moving average of $20.05. Nitto Denko has a 1-year low of $12.80 and a 1-year high of $20.91.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.27 EPS for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. On average, sell-side analysts anticipate that Nitto Denko will post 1.23 earnings per share for the current fiscal year.

Nitto Denko Company Profile

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.