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

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

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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.