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

Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 9,613 shares, a growth of 163.8% from the May 14th total of 3,644 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 207,926 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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Nitto Denko Stock Up 0.6%

Shares of Nitto Denko stock traded up $0.12 during trading on Friday, hitting $18.96. 36,849 shares of the stock traded hands, compared to its average volume of 125,894. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 14.47 and a beta of 0.85. The firm’s fifty day moving average is $19.55 and its 200-day moving average is $21.67. Nitto Denko has a 52 week low of $16.43 and a 52 week high of $26.48.

Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

Nitto Denko Company Profile

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Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.

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