Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Drops By 89.6%

Nitto Denko Co. (OTCMKTS:NDEKY) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 1,400 shares, a decrease of 89.6% from the November 30th total of 13,400 shares. Based on an average daily volume of 79,600 shares, the short-interest ratio is currently 0.0 days.

Nitto Denko Stock Performance

Shares of NDEKY traded up $0.24 during mid-day trading on Friday, reaching $17.02. 11,656 shares of the company were exchanged, compared to its average volume of 36,539. The business has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $30.08. Nitto Denko has a 52 week low of $12.80 and a 52 week high of $19.43. The stock has a market capitalization of $12.03 billion, a PE ratio of 14.57 and a beta of 0.91.

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.