Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Expands By 76.5%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 44,300 shares, an increase of 76.5% from the September 15th total of 25,100 shares. Based on an average daily volume of 265,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 265,600 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of LY from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, LY currently has a consensus rating of “Hold”.

LY Stock Down 1.4%

Shares of OTCMKTS YAHOY opened at $5.82 on Thursday. The firm has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.92. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of 21.56 and a beta of 0.69. LY has a 52 week low of $5.16 and a 52 week high of $8.41.

LY (OTCMKTS:YAHOY) last released its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a net margin of 7.78% and a return on equity of 5.81%. The firm had revenue of $3.39 billion during the quarter. As a group, equities research analysts expect 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.