KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Update

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 43,251 shares, a decline of 64.7% from the August 15th total of 122,588 shares. Based on an average daily volume of 227,110 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

KDDI Price Performance

Shares of KDDIY stock opened at $19.88 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $18.18 and its 200 day moving average is $17.23. The stock has a market cap of $79.67 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.09 and a beta of 0.05. KDDI has a twelve month low of $12.95 and a twelve month high of $20.17.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Research analysts expect that KDDI will post 1.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Erste Group Bank raised KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research raised shares of KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, KDDI currently has a consensus rating of “Buy”.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.