KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Sees Large Decline in Short Interest

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,004 shares, a drop of 80.5% from the September 30th total of 35,949 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 524,639 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KDDIY shares. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Erste Group Bank raised KDDI to a “strong-buy” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

KDDI Price Performance

KDDI stock opened at $18.14 on Tuesday. The business’s 50-day simple moving average is $18.66 and its 200 day simple moving average is $17.40. The company has a quick ratio of 0.52, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. The stock has a market cap of $72.70 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.89 and a beta of 0.09. KDDI has a 12-month low of $14.67 and a 12-month high of $20.54.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. As a group, research analysts anticipate that KDDI will post 1.29 earnings per share for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.