KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Sees Large Drop in Short Interest

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 65,876 shares, a decrease of 42.2% from the December 31st total of 113,943 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 392,716 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 392,716 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

KDDI Stock Performance

KDDIY stock traded down $0.10 during trading on Friday, hitting $16.81. The company had a trading volume of 370,412 shares, compared to its average volume of 287,439. 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 firm has a 50-day moving average price of $17.16 and a 200-day moving average price of $16.84. KDDI has a 1-year low of $9.06 and a 1-year high of $19.09. The firm has a market cap of $64.00 billion, a PE ratio of 13.34 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Thursday, November 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion. On average, analysts expect that KDDI will post 1.11 earnings per share for the current year.

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.