Short Interest in TDK Corp. (OTCMKTS:TTDKY) Declines By 34.3%

TDK Corp. (OTCMKTS:TTDKY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 32,444 shares, a decline of 34.3% from the May 31st total of 49,353 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 384,984 shares, the days-to-cover ratio is currently 0.1 days.

TDK Stock Performance

Shares of TTDKY stock opened at $22.46 on Thursday. The company has a market cap of $43.67 billion, a P/E ratio of 32.56, a PEG ratio of 1.93 and a beta of 1.28. The business has a 50 day moving average of $21.37 and a two-hundred day moving average of $16.56. TDK has a 52 week low of $10.80 and a 52 week high of $26.73. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.83 billion. TDK had a return on equity of 10.01% and a net margin of 7.87%.TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, analysts anticipate that TDK will post 0.75 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

TDK Company Profile

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.