TDK Co. (OTCMKTS:TTDKY) Short Interest Up 112.5% in April

TDK Co. (OTCMKTS:TTDKY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,100 shares, a growth of 112.5% from the March 31st total of 2,400 shares. Based on an average daily volume of 33,700 shares, the days-to-cover ratio is currently 0.2 days.

TDK Stock Performance

Shares of TTDKY stock traded down $2.50 during mid-day trading on Friday, hitting $43.97. 21,440 shares of the company’s stock were exchanged, compared to its average volume of 15,366. TDK has a fifty-two week low of $33.63 and a fifty-two week high of $54.59. The stock has a 50-day simple moving average of $50.01 and a two-hundred day simple moving average of $46.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.74 and a quick ratio of 1.32.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Wednesday, January 31st. The technology company reported $1.16 earnings per share for the quarter. TDK had a return on equity of 5.84% and a net margin of 4.38%. The firm had revenue of $3.79 billion for the quarter. As a group, analysts predict that TDK will post 2.22 earnings per share for the current fiscal 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.