Short Interest in Nitto Denko Corp. (OTCMKTS:NDEKY) Rises By 277.1%

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 105,172 shares, an increase of 277.1% from the June 15th total of 27,887 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 112,556 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Nitto Denko from a “strong-buy” rating to a “neutral” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Nitto Denko Price Performance

NDEKY traded up $0.40 during trading hours on Friday, hitting $19.85. 33,777 shares of the stock were exchanged, compared to its average volume of 54,896. The stock has a market cap of $13.47 billion, a price-to-earnings ratio of 15.15 and a beta of 0.84. The stock has a 50-day simple moving average of $19.36 and a 200-day simple moving average of $21.01. Nitto Denko has a 12 month low of $17.75 and a 12 month high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last posted its quarterly earnings results on Monday, April 27th. The technology company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a net margin of 13.00% and a return on equity of 12.47%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Nitto Denko has set its FY 2026 guidance at 1.330-1.330 EPS.

About Nitto Denko

Nitto Denko Corporation, trading over‐the‐counter in the U.S. under the symbol NDEKY, is a Japan‐based manufacturer specializing in advanced materials and components. The company’s core offerings include pressure-sensitive adhesive tapes, optical films, and functional polymers used across a broad spectrum of industries. With a focus on innovation, Nitto Denko develops solutions for electronics, automotive, and healthcare markets, leveraging proprietary coating, lamination and microfabrication technologies.

The company’s product portfolio spans display materials—such as polarizing films for LCD panels—semiconductor device protection tapes, thermal interface materials for heat dissipation, and a range of industrial adhesive products.