TDK Corp. (OTCMKTS:TTDKY) Sees Significant Growth in Short Interest

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 21,840 shares, a growth of 60.2% from the July 30th total of 13,635 shares. Based on an average daily trading volume, of 226,106 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

TDK Stock Performance

Shares of OTCMKTS:TTDKY opened at $19.25 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. TDK has a 52-week low of $11.91 and a 52-week high of $26.73. The stock has a market cap of $37.42 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.19 and a beta of 1.30. The business has a 50-day moving average price of $20.10 and a 200-day moving average price of $18.26.

TDK Company Profile

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.