KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Report for October

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,004 shares, a drop of 80.5% from the September 30th total of 35,949 shares. Based on an average daily trading volume, of 524,639 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KDDIY shares. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note 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 research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

KDDI Stock Down 0.4%

OTCMKTS KDDIY traded down $0.07 during trading hours on Thursday, hitting $17.55. 95,686 shares of the company traded hands, compared to its average volume of 308,923. KDDI has a twelve month low of $14.67 and a twelve month high of $20.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53. The stock has a market capitalization of $70.33 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.89 and a beta of 0.09. The business’s 50-day moving average is $18.66 and its 200-day moving average is $17.41.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.31 billion. Sell-side analysts anticipate that KDDI will post 1.29 earnings per share for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.