TDK Corp. (OTCMKTS:TTDKY) Short Interest Down 48.9% in May

TDK Corp. (OTCMKTS:TTDKY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 49,353 shares, a decline of 48.9% from the May 14th total of 96,625 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 575,243 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

TDK Stock Performance

Shares of TDK stock opened at $22.21 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $43.17 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.96 and a beta of 1.25. The business has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $15.85. TDK has a 12 month low of $10.14 and a 12 month high of $26.73.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). TDK had a net margin of 7.87% and a return on equity of 10.01%. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, equities analysts forecast that TDK will post 0.76 earnings per share for the current fiscal year.

TDK Company Profile

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.