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

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 27,300 shares, a decline of 42.9% from the February 28th total of 47,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 53,800 shares, the days-to-cover ratio is presently 0.5 days.

Nitto Denko Stock Up 0.6 %

Nitto Denko stock opened at $19.46 on Friday. Nitto Denko has a twelve month low of $12.80 and a twelve month high of $20.91. The company has a market capitalization of $13.75 billion, a P/E ratio of 17.19 and a beta of 0.84. The stock’s 50 day moving average is $18.95 and its 200 day moving average is $20.32.

Nitto Denko (OTCMKTS:NDEKY) last released its earnings results on Monday, January 27th. The technology company reported $0.27 EPS for the quarter. Nitto Denko had a return on equity of 12.60% and a net margin of 12.91%. As a group, equities analysts expect that Nitto Denko will post 1.23 EPS for the current year.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.