KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Shares Shorted: Short Interest Down 57.6% in September
by Sarita Garza · The Markets DailyKDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 35,949 shares, a decline of 57.6% from the September 15th total of 84,819 shares. Based on an average trading volume of 402,179 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on KDDIY. Zacks Research upgraded shares of KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
Read Our Latest Report on KDDI
KDDI Stock Down 1.4%
KDDIY traded down $0.26 on Wednesday, hitting $17.93. The company had a trading volume of 807,480 shares, compared to its average volume of 301,365. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52. KDDI has a 52-week low of $14.00 and a 52-week high of $20.54. The stock has a fifty day simple moving average of $18.62 and a 200-day simple moving average of $17.53. The firm has a market capitalization of $71.85 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.88 and a beta of 0.09.
KDDI (OTCMKTS:KDDIY – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. As a group, equities analysts expect that KDDI will post 1.29 EPS for the current fiscal year.
KDDI Company Profile
KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.
Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.