Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Increases By 297.0%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 106,043 shares, an increase of 297.0% from the February 26th total of 26,713 shares. Based on an average daily volume of 476,395 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 476,395 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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 MarketBeat.com, KDDI currently has an average rating of “Hold”.

KDDI Price Performance

KDDI stock opened at $16.86 on Wednesday. The company has a market capitalization of $64.19 billion, a price-to-earnings ratio of 13.38 and a beta of 0.03. 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 has a 12 month low of $9.06 and a 12 month high of $19.09. The stock’s 50 day moving average is $16.91 and its 200-day moving average is $16.77.

KDDI Company Profile

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.