LY Co. (OTCMKTS:YAHOY) Sees Large Decrease in Short Interest

LY Co. (OTCMKTS:YAHOY) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 13,200 shares, a decline of 78.6% from the September 30th total of 61,800 shares. Based on an average trading volume of 108,000 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, New Street Research raised shares of LY to a “strong-buy” rating in a report on Monday, September 9th.

LY Price Performance

YAHOY opened at $5.36 on Friday. LY has a 12 month low of $4.32 and a 12 month high of $7.05. The stock has a market capitalization of $20.47 billion, a P/E ratio of 24.36 and a beta of 1.03. The business has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $5.09.

LY (OTCMKTS:YAHOY) last released its earnings results on Friday, August 2nd. The technology company reported $0.05 EPS for the quarter. LY had a return on equity of 3.77% and a net margin of 6.88%. The company had revenue of $2.97 billion during the quarter. Research analysts anticipate that LY will post 0.26 EPS for the current year.

About LY

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.