KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Climbs 96.1%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 84,819 shares, a growth of 96.1% from the August 31st total of 43,251 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 536,508 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research analysts have issued reports on KDDIY shares. Erste Group Bank upgraded shares of 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 equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, KDDI presently has an average rating of “Buy”.

KDDI Stock Performance

Shares of OTCMKTS:KDDIY traded down $0.25 during trading on Wednesday, hitting $18.62. The stock had a trading volume of 52,896 shares, compared to its average volume of 305,617. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. KDDI has a 12-month low of $12.95 and a 12-month high of $20.54. The stock has a market capitalization of $74.62 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.98 and a beta of 0.05. The stock has a 50-day simple moving average of $18.61 and a two-hundred day simple moving average of $17.42.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to analyst estimates of $9.31 billion. On average, equities research analysts expect that KDDI will post 1.28 earnings per share for the current fiscal year.

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 access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.