Nitto Denko Corp. (OTCMKTS:NDEKY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 39,626 shares, a decrease of 52.3% from the August 31st total of 83,030 shares. Based on an average daily trading volume, of 86,967 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
Nitto Denko Stock Up 1.6%
Shares of NDEKY stock traded up $0.36 during mid-day trading on Tuesday, hitting $22.43. 25,565 shares of the stock were exchanged, compared to its average volume of 103,774. The firm has a fifty day moving average of $21.51 and a 200 day moving average of $20.33. Nitto Denko has a 52-week low of $17.75 and a 52-week high of $26.48. The company has a market cap of $15.22 billion, a PE ratio of 17.12 and a beta of 0.84.
Nitto Denko (OTCMKTS:NDEKY – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko had a net margin of 12.94% and a return on equity of 12.13%. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Equities analysts predict that Nitto Denko will post 1.3 EPS for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on NDEKY
About Nitto Denko
Nitto Denko Corporation is a Japan-based materials manufacturer that develops and produces specialty products for industrial, electronics, automotive, medical and other markets. The company is known for its expertise in adhesives, polymer processing, coating and materials engineering.
Its product portfolio includes industrial and electronic adhesive tapes, protective and release films, optical films used in displays, sealing and insulation materials, semiconductor-related products, flexible printed circuit materials, and medical and healthcare products.
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