TDK Corp. (OTCMKTS:TTDKY) Stock Short Interest Jumps 305.3%

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 83,760 shares, a growth of 305.3% from the October 15th total of 20,666 shares. Based on an average trading volume of 351,791 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

TDK Trading Down 2.1%

OTCMKTS TTDKY traded down $0.31 during trading on Friday, reaching $14.34. 356,413 shares of the stock traded hands, compared to its average volume of 256,808. TDK has a fifty-two week low of $11.91 and a fifty-two week high of $26.73. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The firm has a market cap of $27.87 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 0.79 and a beta of 1.42. The stock’s 50-day moving average price is $18.09 and its 200 day moving average price is $17.97.

TDK (OTCMKTS:TTDKY) last posted its earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $5.19 billion for the quarter, compared to analyst estimates of $5.11 billion. TDK had a net margin of 8.27% and a return on equity of 9.86%. Analysts predict that TDK will post 0.90 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of TDK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

About TDK

TDK Corporation is a Japanese electronics company that develops and manufactures components and systems used in a wide range of electronic devices. Founded in 1935 to commercialize ferrite, a magnetic material, the company has grown into a global supplier serving customers across industries and regions. Its products include passive components such as capacitors and inductors, sensors and sensor systems, magnetic application products, and energy-related products including rechargeable batteries. These technologies are used in applications ranging from smartphones and consumer electronics to vehicles, industrial equipment, and information technology systems.