Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Corp. (OTCMKTS:NDEKY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 9,553 shares, a drop of 79.8% from the March 31st total of 47,369 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 116,667 shares, the short-interest ratio is presently 0.1 days.Nitto Denko Stock Up 1.1%Shares of OTCMKTS:NDEKY opened at $20.21 on Friday. Nitto Denko has a 12 month low of $16.43 and a 12 month high of $26.48. The firm has a market cap of $13.72 billion, a P/E ratio of 15.31 and a beta of 0.94. The company's 50-day moving average price is $20.95 and its two-hundred day moving average price is $23.01. Nitto Denko (OTCMKTS:NDEKY - Get Free Report) last released its earnings results on Monday, January 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The company 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%. As a group, equities analysts predict that Nitto Denko will post 1.3 earnings per share for the current fiscal year. About Nitto Denko (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.Read MoreFive 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