Nitto Denko Co. (OTCMKTS:NDEKY) Short Interest Down 25.0% in November

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

Nitto Denko Stock Performance

Shares of Nitto Denko stock traded up $0.05 on Friday, hitting $15.64. 22,878 shares of the company traded hands, compared to its average volume of 31,496. The stock has a market capitalization of $11.05 billion, a P/E ratio of 13.39 and a beta of 0.93. The business has a 50-day simple moving average of $20.67 and a 200 day simple moving average of $33.21. Nitto Denko has a 52 week low of $12.80 and a 52 week high of $19.43.

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.