TDK Co. (OTCMKTS:TTDKY) Short Interest Update

TDK Co. (OTCMKTS:TTDKY) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 9,800 shares, a drop of 24.6% from the August 15th total of 13,000 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is currently 0.3 days.

TDK Stock Down 3.4 %

OTCMKTS TTDKY opened at $63.14 on Monday. TDK has a 1-year low of $35.30 and a 1-year high of $71.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.30. The business’s fifty day moving average price is $65.65 and its 200-day moving average price is $56.35.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.51 by $0.50. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. TDK had a net margin of 7.96% and a return on equity of 9.96%. As a group, research analysts anticipate that TDK will post 3.94 EPS for the current year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.