Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Rises By 277.1%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 105,172 shares, a growth of 277.1% from the June 15th total of 27,887 shares. Based on an average trading volume of 112,556 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nitto Denko Stock Performance

Nitto Denko stock traded up $0.73 during mid-day trading on Tuesday, reaching $20.55. The company’s stock had a trading volume of 77,025 shares, compared to its average volume of 119,192. The firm’s fifty day moving average price is $19.38 and its two-hundred day moving average price is $20.98. Nitto Denko has a 12-month low of $17.75 and a 12-month high of $26.48. The company has a market capitalization of $13.95 billion, a P/E ratio of 15.69 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last posted its earnings results on Monday, April 27th. The technology company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

About Nitto Denko

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.