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

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 54,813 shares, a decrease of 47.9% from the June 30th total of 105,172 shares. Based on an average trading volume of 144,337 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Nitto Denko Price Performance

NDEKY stock traded up $0.08 during mid-day trading on Thursday, reaching $21.71. The company had a trading volume of 30,303 shares, compared to its average volume of 114,112. The stock has a 50 day simple moving average of $19.63 and a two-hundred day simple moving average of $20.69. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 16.57 and a beta of 0.84. Nitto Denko has a 52 week low of $17.75 and a 52 week high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko had a return on equity of 12.35% and a net margin of 12.94%.Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. On average, equities analysts predict that Nitto Denko will post 1.3 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Nitto Denko has a consensus rating of “Hold”.

Nitto Denko Company Profile

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.