Short Interest in LY Co. (OTCMKTS:YAHOY) Expands By 848.7%

LY Co. (OTCMKTS:YAHOY) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 142,300 shares, a growth of 848.7% from the July 31st total of 15,000 shares. Based on an average daily volume of 355,200 shares, the days-to-cover ratio is currently 0.4 days.

LY Stock Up 1.4 %

YAHOY stock traded up $0.08 during midday trading on Wednesday, hitting $5.62. 59,788 shares of the company traded hands, compared to its average volume of 132,720. The business has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $4.99. LY has a twelve month low of $4.32 and a twelve month high of $7.05. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 24.09 and a beta of 1.05.

LY (OTCMKTS:YAHOY) last released its earnings results on Friday, August 2nd. The technology company reported $0.05 earnings per share for the quarter. The firm had revenue of $2.97 billion during the quarter. LY had a net margin of 6.88% and a return on equity of 3.77%. Equities research analysts forecast that LY will post 0.22 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.