Short Interest in TDK Corp. (OTCMKTS:TTDKY) Declines By 34.3%

TDK Corp. (OTCMKTS:TTDKY – Get Free Report) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 32,444 shares, a decrease of 34.3% from the May 31st total of 49,353 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 384,984 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One equities research 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, the stock presently has an average rating of “Buy”.

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TDK Stock Up 0.5%

Shares of TDK stock opened at $22.46 on Thursday. TDK has a 1-year low of $10.80 and a 1-year high of $26.73. The company has a market capitalization of $43.67 billion, a PE ratio of 32.56, a P/E/G ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The business has a 50-day moving average of $21.37 and a 200-day moving average of $16.56.

TDK (OTCMKTS:TTDKY – Get Free Report) last released its quarterly earnings results 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 return on equity of 10.01% and a net margin of 7.87%.The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, equities analysts forecast that TDK will post 0.75 EPS for the current fiscal year.

About TDK

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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.

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