KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Up 27.7% in August

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 92,200 shares, anincreaseof27.7% from the July 31st total of 72,200 shares. Based on an average trading volume of 238,100 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 238,100 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of KDDI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

KDDI Price Performance

Shares of KDDI stock traded down $0.29 on Tuesday, hitting $16.75. The company’s stock had a trading volume of 217,686 shares, compared to its average volume of 249,632. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $17.08 and a 200-day moving average price of $16.97. The company has a market capitalization of $70.15 billion, a P/E ratio of 16.58 and a beta of 0.12. KDDI has a 52-week low of $9.06 and a 52-week high of $19.09.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Friday, August 1st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The company had revenue of $9.54 billion for the quarter, compared to analysts’ expectations of $9.99 billion. KDDI had a return on equity of 10.87% and a net margin of 10.71%. On average, equities research analysts expect that KDDI will post 1.11 earnings per share for the current fiscal year.

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.