Short Interest in TDK Co. (OTCMKTS:TTDKY) Decreases By 55.0%

TDK Co. (OTCMKTS:TTDKY) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 35,200 shares, a decline of 55.0% from the December 31st total of 78,200 shares. Based on an average daily volume of 248,000 shares, the short-interest ratio is presently 0.1 days.

TDK Stock Performance

OTCMKTS:TTDKY traded down $0.07 during mid-day trading on Friday, hitting $12.59. The stock had a trading volume of 108,418 shares, compared to its average volume of 126,382. TDK has a twelve month low of $8.61 and a twelve month high of $14.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.60. The stock has a market cap of $24.47 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 0.80 and a beta of 0.88. The company’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $35.27.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, January 31st. The technology company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). TDK had a return on equity of 10.08% and a net margin of 8.23%. On average, equities research analysts forecast that TDK will post 0.64 earnings per share for the current year.

TDK Company Profile

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.