KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Down 64.7% in August

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 43,251 shares, a drop of 64.7% from the August 15th total of 122,588 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 227,110 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Erste Group Bank raised KDDI to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

KDDI Price Performance

OTCMKTS KDDIY traded up $0.34 during trading hours on Friday, reaching $19.78. The company’s stock had a trading volume of 114,994 shares, compared to its average volume of 122,507. KDDI has a 1 year low of $12.95 and a 1 year high of $20.17. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $79.27 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 2.09 and a beta of 0.05. The firm’s 50-day moving average price is $18.13 and its 200-day moving average price is $17.21.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. On average, equities research analysts predict that KDDI will post 1.26 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, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.