Short Interest in Nitto Denko Co. (OTCMKTS:NDEKY) Rises By 2,071.4%

Nitto Denko Co. (OTCMKTS:NDEKY) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 30,400 shares, a growth of 2,071.4% from the December 15th total of 1,400 shares. Based on an average daily trading volume, of 58,400 shares, the short-interest ratio is currently 0.5 days.

Nitto Denko Stock Down 0.1 %

Shares of NDEKY stock traded down $0.02 during mid-day trading on Wednesday, hitting $16.60. 38,244 shares of the stock were exchanged, compared to its average volume of 25,660. Nitto Denko has a 52-week low of $12.80 and a 52-week high of $19.43. The company has a market cap of $11.73 billion, a PE ratio of 14.21 and a beta of 0.89. The firm has a fifty day moving average of $16.36 and a 200 day moving average of $27.85.

About Nitto Denko

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.