Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Grows By 48.2%

Nitto Denko Corp. (OTCMKTS:NDEKY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 74,775 shares, a growth of 48.2% from the July 30th total of 50,460 shares. Based on an average trading volume of 45,748 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Nitto Denko Stock Down 0.6%

Shares of NDEKY stock opened at $21.87 on Thursday. The business has a 50 day moving average of $20.89 and a two-hundred day moving average of $20.46. 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 $14.84 billion, a P/E ratio of 16.69 and a beta of 0.84.

Nitto Denko (OTCMKTS:NDEKY) last announced its quarterly 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). Nitto Denko had a return on equity of 12.13% and a net margin of 12.94%.The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Analysts expect that Nitto Denko will post 1.3 EPS for the current fiscal year.

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.