Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Growth in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 35,935 shares, a growth of 32.5% from the February 26th total of 27,124 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 220,220 shares, the short-interest ratio is presently 0.2 days.Nitto Denko Stock Down 3.1%NDEKY stock opened at $18.94 on Friday. The business has a 50 day moving average of $22.01 and a 200 day moving average of $23.48. Nitto Denko has a twelve month low of $15.32 and a twelve month high of $26.48. The firm has a market cap of $12.85 billion, a PE ratio of 14.35 and a beta of 0.88. Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last issued its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.64 billion. Nitto Denko had a net margin of 13.14% and a return on equity of 12.71%. On average, research analysts expect that Nitto Denko will post 1.23 earnings per share for the current fiscal year. Nitto Denko Company Profile (Get Free Report)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.Featured ArticlesFive stocks we like better than Nitto DenkoThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Nitto Denko Right Now?Before you consider Nitto Denko, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nitto Denko wasn't on the list.While Nitto Denko currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here