TDK Corp. (OTCMKTS:TTDKY) Short Interest Down 48.9% in May

TDK Corp. (OTCMKTS:TTDKY) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 49,353 shares, a drop of 48.9% from the May 14th total of 96,625 shares. Based on an average daily trading volume, of 575,243 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

TDK Price Performance

OTCMKTS TTDKY opened at $22.21 on Friday. TDK has a 12 month low of $10.14 and a 12 month high of $26.73. The stock has a market cap of $43.17 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 1.96 and a beta of 1.25. The company’s 50 day moving average is $18.94 and its two-hundred day moving average is $15.85. The company has a current ratio of 1.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last released its earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). TDK had a return on equity of 10.01% and a net margin of 7.87%.The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, research analysts anticipate that TDK will post 0.76 earnings per share for the current year.

About TDK

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.