KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Falls 57.6%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 35,949 shares, a drop of 57.6% from the September 15th total of 84,819 shares. Based on an average trading volume of 402,179 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

KDDI Price Performance

Shares of KDDI stock opened at $17.92 on Tuesday. KDDI has a 52-week low of $14.00 and a 52-week high of $20.54. The stock has a market capitalization of $71.81 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09. The company has a fifty day moving average of $18.62 and a 200-day moving average of $17.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. Equities research analysts expect that KDDI will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KDDIY. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a report on Monday, July 27th. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

About KDDI

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.