Nitto Denko Corp. (OTCMKTS:NDEKY) Sees Large Increase in Short Interest

Nitto Denko Corp. (OTCMKTS:NDEKY) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 74,775 shares, a growth of 48.2% from the July 30th total of 50,460 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 45,748 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

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

Nitto Denko Price Performance

NDEKY opened at $22.01 on Wednesday. The stock’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $20.46. The stock has a market cap of $14.94 billion, a P/E ratio of 16.80 and a beta of 0.84. Nitto Denko has a 1-year low of $17.75 and a 1-year high of $26.48.

Nitto Denko (OTCMKTS:NDEKY) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). Nitto Denko had a return on equity of 12.35% and a net margin of 12.94%.The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Nitto Denko has set its FY 2026 guidance at 1.335-1.335 EPS. Research analysts expect that Nitto Denko will post 1.3 EPS for the current fiscal year.

Nitto Denko Company Profile

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.