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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 29,674 shares, a decline of 39.6% from the April 15th total of 49,097 shares. Based on an average daily trading volume, of 594,997 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of LY to a “hold” rating in a report on Sunday, May 10th. Zacks Research raised shares of LY to a “hold” rating in a research note on Friday, April 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

LY Stock Down 2.5%

LY stock opened at $5.10 on Tuesday. The firm has a 50-day moving average price of $5.11 and a two-hundred day moving average price of $5.19. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 13.78 and a beta of 0.95. LY has a 52-week low of $4.58 and a 52-week high of $7.99.

LY (OTCMKTS:YAHOY) last posted its earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $11.17 billion during the quarter. LY had a net margin of 6.14% and a return on equity of 5.02%. Research analysts expect that LY will post 0.28 earnings per share for the current year.

LY Company Profile

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. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.