Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Expands By 2,071.4%

Nitto Denko Co. (OTCMKTS:NDEKY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 30,400 shares, an increase of 2,071.4% from the December 15th total of 1,400 shares. Based on an average trading volume of 58,400 shares, the short-interest ratio is currently 0.5 days.

Nitto Denko Stock Down 2.0 %

OTCMKTS NDEKY traded down $0.34 during trading on Monday, hitting $16.63. The stock had a trading volume of 24,639 shares, compared to its average volume of 24,156. The company has a market capitalization of $11.75 billion, a PE ratio of 14.24 and a beta of 0.89. Nitto Denko has a twelve month low of $12.80 and a twelve month high of $19.43. The firm has a 50 day moving average price of $16.36 and a 200 day moving average price of $28.18.

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.