Nitto Denko Corp. (OTCMKTS:NDEKY) Shares Shorted: Short Interest Up 329.6% in September

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 170,224 shares, an increase of 329.6% from the September 15th total of 39,626 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 321,550 shares, the days-to-cover ratio is presently 0.5 days.

Nitto Denko Price Performance

Shares of NDEKY opened at $22.65 on Tuesday. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 17.29 and a beta of 0.83. The business’s 50 day simple moving average is $21.84 and its 200-day simple moving average is $20.49. Nitto Denko has a 1 year low of $17.75 and a 1 year high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $1.66 billion for 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. On average, sell-side analysts expect that Nitto Denko will post 1.30 earnings per share for the current year.

About Nitto Denko

Nitto Denko Corporation is a Japanese materials and technology company that develops products based on polymer, adhesive, coating, and membrane technologies. Founded in 1918, the company serves industrial, electronics, automotive, healthcare, and environmental markets through a broad portfolio of specialized materials and components.

Its products include industrial and double-sided adhesive tapes, protective and sealing materials, semiconductor and circuit-related materials, and optical films used in displays.