LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Large Decline in Short Interest

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a significant drop in short interest in August. As of August 15th, there was short interest totaling 3,400 shares, adropof93.4% from the July 31st total of 51,500 shares. Based on an average trading volume of 289,000 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 289,000 shares, the days-to-cover ratio is currently 0.0 days.

LY Price Performance

OTCMKTS:YAHOY traded down $0.09 during trading hours on Tuesday, reaching $6.21. The company had a trading volume of 408,997 shares, compared to its average volume of 121,135. The firm has a market cap of $21.56 billion, a PE ratio of 23.00 and a beta of 0.67. LY has a 1-year low of $5.16 and a 1-year high of $8.41. The business’s 50 day moving average price is $6.93 and its 200-day moving average price is $7.05.

LY (OTCMKTS:YAHOY) last posted its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 EPS for the quarter. The business had revenue of $3.39 billion during the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%. On average, analysts expect that LY will post 0.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded LY from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.