Nitto Denko Corp. (OTCMKTS:NDEKY) Short Interest Update

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 9,613 shares, a growth of 163.8% from the May 14th total of 3,644 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 207,926 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Nitto Denko from a “strong-buy” rating to a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Nitto Denko has a consensus rating of “Hold”.

Nitto Denko Trading Up 0.6%

OTCMKTS NDEKY traded up $0.12 on Friday, hitting $18.96. The company’s stock had a trading volume of 36,849 shares, compared to its average volume of 125,894. Nitto Denko has a 52-week low of $16.43 and a 52-week high of $26.48. The company’s 50-day simple moving average is $19.55 and its 200 day simple moving average is $21.67. The firm has a market cap of $12.87 billion, a P/E ratio of 14.47 and a beta of 0.85.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings data on Monday, April 27th. The technology company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). Nitto Denko had a return on equity of 12.47% and a net margin of 13.00%.The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations 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.