Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Down 29.6% in February

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 47,800 shares, a decline of 29.6% from the February 13th total of 67,900 shares. Based on an average daily trading volume, of 32,700 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.0% of the company’s stock are sold short.

Nitto Denko Stock Performance

NDEKY traded up $0.13 during trading on Monday, reaching $19.82. 26,954 shares of the stock were exchanged, compared to its average volume of 62,308. Nitto Denko has a twelve month low of $12.80 and a twelve month high of $20.91. The stock has a market cap of $14.01 billion, a P/E ratio of 16.65 and a beta of 0.84. The stock’s 50 day moving average price is $18.48 and its two-hundred day moving average price is $21.20.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings results on Monday, January 27th. The technology company reported $0.27 EPS for the quarter. Nitto Denko had a net margin of 12.91% and a return on equity of 12.60%. Equities research analysts predict that Nitto Denko will post 1.23 earnings per share for the current fiscal year.

About Nitto Denko

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.