LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Significant Decrease in Short Interest

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,508 shares, a decrease of 97.6% from the May 14th total of 147,635 shares. Based on an average trading volume of 342,633 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

LY Trading Down 1.8%

LY stock traded down $0.09 during trading on Tuesday, hitting $4.96. 482,851 shares of the company were exchanged, compared to its average volume of 371,114. The business’s 50 day moving average is $5.16 and its 200 day moving average is $5.14. LY has a 52 week low of $4.58 and a 52 week high of $7.99. The company has a market capitalization of $17.07 billion, a P/E ratio of 13.40 and a beta of 0.94.

LY (OTCMKTS:YAHOY) last announced its quarterly earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $11.17 billion during the quarter. LY had a return on equity of 4.98% and a net margin of 6.14%. Equities analysts expect that LY will post 0.28 EPS for the current year.

Analysts Set New Price Targets

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

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.