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

TDK Co. (OTCMKTS:TTDKY) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 8,600 shares, a growth of 616.7% from the October 31st total of 1,200 shares. Based on an average trading volume of 184,200 shares, the short-interest ratio is presently 0.0 days.

TDK Stock Performance

TTDKY opened at $12.26 on Friday. 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 company’s 50-day simple moving average is $27.27 and its two-hundred day simple moving average is $49.04. TDK has a 52-week low of $8.61 and a 52-week high of $14.37.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Friday, November 1st. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.04 by $0.12. TDK had a net margin of 8.23% and a return on equity of 10.08%. The firm had revenue of $3.84 billion during the quarter. On average, research analysts forecast that TDK will post 0.14 EPS 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.