Nitto Denko Co. (OTCMKTS:NDEKY – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 8,000 shares, an increase of 7,900.0% from the April 30th total of 100 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.3 days.
Nitto Denko Stock Performance
OTCMKTS NDEKY opened at $35.95 on Friday. The company has a 50-day moving average price of $32.84 and a two-hundred day moving average price of $31.34. Nitto Denko has a 52 week low of $25.34 and a 52 week high of $38.02.
Nitto Denko (OTCMKTS:NDEKY – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The technology company reported $0.35 earnings per share for the quarter. Nitto Denko had a net margin of 11.71% and a return on equity of 12.30%. The company had revenue of $1.44 billion during the quarter.
Nitto Denko Company Profile
Nitto Denko Corp. engages in the manufacture and sale of adhesives, optical films, semiconductors, electronic devices, and consumer products. It operates through the following segments: Industrial Tape, Optronics, Human Life, and Others. The Industrial Tape segment deals with the manufacture and sale of sealing, protective, process, and automotive materials.
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