LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Update

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 44,300 shares, an increase of 76.5% from the September 15th total of 25,100 shares. Based on an average trading volume of 265,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 265,600 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research cut LY from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, LY has an average rating of “Hold”.

LY Stock Down 0.5%

Shares of YAHOY opened at $5.91 on Wednesday. The business has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $6.92. The stock has a market cap of $20.34 billion, a price-to-earnings ratio of 21.89 and a beta of 0.69. LY has a 52 week low of $5.16 and a 52 week high of $8.41.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $0.08 EPS for the quarter. The business had revenue of $3.39 billion during the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%. On average, equities analysts anticipate that LY will post 0.26 earnings per share for the current fiscal 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.