LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Significant Decrease in Short Interest

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,508 shares, a decrease of 97.6% from the May 14th total of 147,635 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 342,633 shares, the days-to-cover ratio is currently 0.0 days.

LY Trading Down 1.8%

Shares of YAHOY stock traded down $0.09 on Tuesday, hitting $4.96. 482,851 shares of the stock were exchanged, compared to its average volume of 371,114. The firm has a market capitalization of $17.07 billion, a PE ratio of 13.40 and a beta of 0.94. LY has a one year low of $4.58 and a one year high of $7.99. The firm’s 50 day moving average is $5.16 and its two-hundred day moving average is $5.14.

LY (OTCMKTS:YAHOY) last posted its quarterly earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share for the quarter. The company had revenue of $11.17 billion during the quarter. LY had a return on equity of 4.98% and a net margin of 6.14%. On average, sell-side analysts expect that LY will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on YAHOY. The Goldman Sachs Group upgraded LY to a “hold” rating in a research note on Sunday, May 10th. Zacks Research upgraded LY to a “hold” rating in a research note on Friday, April 17th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

LY Company Profile

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.