LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Up 2,989.0% in June

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 137,617 shares, a growth of 2,989.0% from the June 15th total of 4,455 shares. Based on an average trading volume of 479,909 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of analysts have recently issued reports on YAHOY shares. The Goldman Sachs Group upgraded LY to a “hold” rating in a research report on Sunday, May 10th. Zacks Research raised LY to a “hold” rating in a research report on Friday, April 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

LY Stock Performance

Shares of OTCMKTS YAHOY traded up $0.01 during midday trading on Friday, reaching $5.48. 64,656 shares of the company traded hands, compared to its average volume of 343,050. The firm has a market cap of $18.86 billion, a PE ratio of 14.81 and a beta of 0.92. The stock’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $5.12. LY has a 12 month low of $4.58 and a 12 month high of $7.99.

LY (OTCMKTS:YAHOY) last issued its earnings results on Friday, May 8th. The technology company reported $0.08 EPS for the quarter. LY had a net margin of 6.14% and a return on equity of 4.98%. The company had revenue of $11.17 billion for the quarter. On average, equities research analysts expect that LY will post 0.28 EPS 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.