TDK Co. (OTCMKTS:TTDKY) Sees Significant Decline in Short Interest

TDK Co. (OTCMKTS:TTDKY) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,200 shares, a decrease of 88.2% from the October 15th total of 10,200 shares. Based on an average daily volume of 170,900 shares, the short-interest ratio is currently 0.0 days.

TDK Stock Up 0.5 %

TDK stock traded up $0.07 during mid-day trading on Wednesday, hitting $13.30. The company had a trading volume of 53,992 shares, compared to its average volume of 87,976. TDK has a 1 year low of $8.28 and a 1 year high of $14.37. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.69. The business has a fifty day moving average of $38.41 and a 200 day moving average of $51.62.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, November 1st. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.12. TDK had a return on equity of 10.08% and a net margin of 8.23%. The firm had revenue of $3.84 billion during the quarter. As a group, sell-side analysts predict that TDK will post 0.14 EPS for the current year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.