TDK Corp. (OTCMKTS:TTDKY) Sees Large Decrease in Short Interest

TDK Corp. (OTCMKTS:TTDKY) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 24,912 shares, a decrease of 80.5% from the November 30th total of 127,953 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 255,215 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 255,215 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

TDK Stock Performance

OTCMKTS TTDKY opened at $14.18 on Thursday. The company has a market capitalization of $27.56 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.39 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56. TDK has a 52-week low of $8.10 and a 52-week high of $18.51. The company has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $13.81.

TDK (OTCMKTS:TTDKY) last released its earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. TDK had a net margin of 7.55% and a return on equity of 9.32%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.97 billion. On average, research analysts predict that TDK will post 0.61 EPS for the current year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.