Short Interest in TDK Co. (OTCMKTS:TTDKY) Rises By 74.3%

TDK Co. (OTCMKTS:TTDKY) saw a large increase in short interest in July. As of July 15th, there was short interest totalling 38,000 shares, an increase of 74.3% from the June 30th total of 21,800 shares. Based on an average trading volume of 53,100 shares, the days-to-cover ratio is presently 0.7 days.

TDK Trading Down 3.3 %

Shares of OTCMKTS TTDKY opened at $61.87 on Friday. The firm has a fifty day moving average of $58.55 and a 200 day moving average of $52.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.70 and a quick ratio of 1.30. TDK has a one year low of $33.66 and a one year high of $71.62.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, April 26th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.07). TDK had a return on equity of 7.54% and a net margin of 5.89%. The company had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.22 billion. As a group, analysts forecast that TDK will post 2.91 EPS for the current fiscal year.

About TDK

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.