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

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 29,700 shares, a drop of 25.0% from the October 31st total of 39,600 shares. Based on an average daily volume of 56,300 shares, the days-to-cover ratio is presently 0.5 days.

Nitto Denko Stock Up 1.6 %

NDEKY traded up $0.25 during trading on Friday, reaching $15.89. 9,902 shares of the company’s stock were exchanged, compared to its average volume of 30,460. Nitto Denko has a fifty-two week low of $12.80 and a fifty-two week high of $19.43. The company has a market capitalization of $11.23 billion, a P/E ratio of 13.60 and a beta of 0.93. The business has a 50 day moving average price of $20.13 and a 200 day moving average price of $32.95.

Nitto Denko Company Profile

Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania. It provides double sided tapes, surface protective films, sealing materials, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes.