Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Up 2,071.4% in December

Nitto Denko Co. (OTCMKTS:NDEKY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 30,400 shares, a growth of 2,071.4% from the December 15th total of 1,400 shares. Based on an average trading volume of 58,400 shares, the short-interest ratio is currently 0.5 days.

Nitto Denko Trading Down 0.1 %

NDEKY traded down $0.02 during midday trading on Wednesday, hitting $16.60. 38,244 shares of the company traded hands, compared to its average volume of 25,660. The business has a 50 day simple moving average of $16.36 and a two-hundred day simple moving average of $27.85. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $19.43. The company has a market capitalization of $11.73 billion, a price-to-earnings ratio of 14.21 and a beta of 0.89.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.