TDK Corp. (OTCMKTS:TTDKY) Short Interest Up 778.2% in June

TDK Corp. (OTCMKTS:TTDKY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 284,909 shares, a growth of 778.2% from the June 15th total of 32,444 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 503,442 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, TDK presently has an average rating of “Buy”.

TDK Stock Down 0.7%

Shares of TTDKY traded down $0.15 during midday trading on Friday, reaching $21.18. 81,040 shares of the stock were exchanged, compared to its average volume of 203,523. The company has a market cap of $41.17 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 1.84 and a beta of 1.28. 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 has a 12-month low of $10.85 and a 12-month high of $26.73. The firm has a 50 day simple moving average of $22.00 and a 200-day simple moving average of $16.89.

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

About TDK

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.