KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Up 33.1% in December

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 187,242 shares, an increase of 33.1% from the November 30th total of 140,647 shares. Based on an average trading volume of 493,995 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 493,995 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

KDDI Trading Down 0.2%

KDDI stock opened at $17.29 on Thursday. The firm has a market cap of $65.82 billion, a PE ratio of 13.72 and a beta of 0.06. KDDI has a 12 month low of $9.06 and a 12 month high of $19.09. The stock’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $16.79. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40.

KDDI (OTCMKTS:KDDIY) last posted its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Analysts anticipate that KDDI will post 1.11 earnings per share for the current year.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.