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

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 50,549 shares, a growth of 343.5% from the December 31st total of 11,399 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 272,605 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 272,605 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

TDK Stock Up 1.6%

Shares of OTCMKTS TTDKY opened at $12.58 on Wednesday. The business’s fifty day simple moving average is $14.44 and its 200-day simple moving average is $14.26. The company has a current ratio of 1.56, a quick ratio of 1.22 and a debt-to-equity ratio of 0.18. The stock has a market cap of $24.44 billion, a P/E ratio of 20.61, a PEG ratio of 1.04 and a beta of 0.77. TDK has a 12-month low of $8.10 and a 12-month high of $18.51.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. TDK had a net margin of 7.55% and a return on equity of 9.32%. As a group, equities analysts predict that TDK will post 0.61 EPS for the current fiscal 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.