LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Update

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 95,000 shares, an increase of 114.4% from the September 30th total of 44,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 367,700 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 367,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of LY from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, LY has an average rating of “Hold”.

LY Stock Up 2.2%

Shares of OTCMKTS YAHOY opened at $5.85 on Friday. The firm’s 50-day moving average price is $6.24 and its two-hundred day moving average price is $6.86. LY has a 52-week low of $5.16 and a 52-week high of $8.41. The stock has a market capitalization of $20.13 billion, a P/E ratio of 21.67 and a beta of 0.69.

LY (OTCMKTS:YAHOY) last issued its earnings results on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a net margin of 7.78% and a return on equity of 5.81%. The firm had revenue of $3.39 billion for the quarter. As a group, equities research analysts expect that LY will post 0.26 earnings per share for the current year.

LY Company Profile

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services.