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

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

Nitto Denko Price Performance

Shares of OTCMKTS NDEKY traded up $0.24 during mid-day trading on Friday, hitting $17.02. 11,656 shares of the stock traded hands, compared to its average volume of 36,539. Nitto Denko has a twelve month low of $12.80 and a twelve month high of $19.43. The firm has a 50 day simple moving average of $16.20 and a two-hundred day simple moving average of $30.08. The company has a market cap of $12.03 billion, a PE ratio of 14.57 and a beta of 0.91.

Nitto Denko Company Profile

(Get Free Report)

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.

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