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

TDK Co. (OTCMKTS:TTDKY) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,200 shares, a drop of 88.2% from the October 15th total of 10,200 shares. Based on an average daily trading volume, of 170,900 shares, the short-interest ratio is currently 0.0 days.

TDK Trading Up 0.5 %

Shares of OTCMKTS TTDKY traded up $0.07 during midday trading on Wednesday, hitting $13.30. The stock had a trading volume of 53,992 shares, compared to its average volume of 87,976. The company has a fifty day moving average price of $38.41 and a 200 day moving average price of $51.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.69. TDK has a 1-year low of $8.28 and a 1-year high of $14.37.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings data on Friday, November 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.12. TDK had a return on equity of 10.08% and a net margin of 8.23%. The company had revenue of $3.84 billion for the quarter. As a group, equities research analysts predict that TDK will post 0.14 earnings per share 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.