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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant increase in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 493,995 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 493,995 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

KDDI Stock Down 0.5%

OTCMKTS:KDDIY traded down $0.08 during trading hours on Wednesday, hitting $17.25. 39,561 shares of the company traded hands, compared to its average volume of 287,576. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The company has a market cap of $65.67 billion, a PE ratio of 13.69 and a beta of 0.06. The firm’s 50-day simple moving average is $16.93 and its 200-day simple moving average is $16.79. KDDI has a one year low of $9.06 and a one year high of $19.09.

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

Analyst Upgrades and Downgrades

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

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.