TDK Corp. (OTCMKTS:TTDKY) Shares Shorted: Short Interest Up 305.3% in October

TDK Corp. (OTCMKTS:TTDKY) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 83,760 shares, a growth of 305.3% from the October 15th total of 20,666 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 351,791 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

TDK Price Performance

Shares of OTCMKTS:TTDKY opened at $15.05 on Thursday. The firm has a market capitalization of $29.26 billion, a PE ratio of 18.77, a PEG ratio of 0.73 and a beta of 1.42. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. TDK has a 1-year low of $11.91 and a 1-year high of $26.73. The business’s 50 day moving average is $18.16 and its 200-day moving average is $17.96.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, October 30th. The technology company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.11 billion. TDK had a return on equity of 9.86% and a net margin of 8.27%. Sell-side analysts predict that TDK will post 0.91 earnings per share for the current year.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures components and systems used in a wide range of electronic devices. Founded in 1935 to commercialize ferrite, a magnetic material, the company has grown into a global supplier serving customers across industries and regions. Its products include passive components such as capacitors and inductors, sensors and sensor systems, magnetic application products, and energy-related products including rechargeable batteries. These technologies are used in applications ranging from smartphones and consumer electronics to vehicles, industrial equipment, and information technology systems.