Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Grows By 2,989.0%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 137,617 shares, a growth of 2,989.0% from the June 15th total of 4,455 shares. Based on an average daily trading volume, of 479,909 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

LY Trading Up 0.1%

Shares of YAHOY stock traded up $0.01 during trading hours on Friday, reaching $5.48. The company’s stock had a trading volume of 64,656 shares, compared to its average volume of 177,380. LY has a one year low of $4.58 and a one year high of $7.99. The stock has a market capitalization of $18.86 billion, a P/E ratio of 14.81 and a beta of 0.92. The firm’s fifty day simple moving average is $5.20 and its 200 day simple moving average is $5.12.

LY (OTCMKTS:YAHOY) last announced its earnings results on Friday, May 8th. The technology company reported $0.08 EPS 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%. As a group, equities research analysts forecast that LY will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on YAHOY shares. The Goldman Sachs Group raised shares of LY to a “hold” rating in a report on Sunday, May 10th. Zacks Research raised shares of LY to a “hold” rating in a research note on Friday, April 17th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, LY 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.