KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Rises 197.8%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 20,858 shares, an increase of 197.8% from the October 15th total of 7,004 shares. Based on an average daily volume of 624,002 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

KDDI Price Performance

KDDI stock traded up $0.12 during midday trading on Friday, reaching $17.82. 152,047 shares of the stock were exchanged, compared to its average volume of 248,750. The company’s fifty day moving average is $18.54 and its 200-day moving average is $17.47. 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 has a 52 week low of $14.67 and a 52 week high of $20.54. The firm has a market cap of $71.41 billion, a PE ratio of 14.26, a PEG ratio of 1.67 and a beta of 0.14.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Friday, November 6th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.02). The firm had revenue of $9.89 billion for the quarter, compared to analysts’ expectations of $10.01 billion. On average, sell-side analysts forecast that KDDI will post 1.42 EPS for the current year.

Analysts Set New Price Targets

KDDIY has been the topic of several recent analyst reports. Zacks Research cut KDDI from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 9th. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, KDDI presently has an average rating of “Buy”.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and technology company formed in 2000 through the merger of DDI, KDD and IDO. Headquartered in Tokyo, it serves consumers and businesses in Japan and provides communications and related services in international markets. The company’s consumer offerings include mobile services under the au, UQ mobile and povo brands, as well as fixed-line communications and broadband. KDDI also provides business customers with mobile and fixed networks, cloud and data-center services, cybersecurity, and Internet of Things solutions.