Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Decreases By 52.9%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 29,478 shares, a decline of 52.9% from the January 29th total of 62,578 shares. Based on an average daily volume of 581,570 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 581,570 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

KDDI Trading Down 0.5%

KDDIY opened at $17.03 on Friday. KDDI has a 1-year low of $9.06 and a 1-year high of $19.09. The stock has a market capitalization of $64.83 billion, a PE ratio of 13.52 and a beta of 0.04. The company has a current ratio of 0.56, a quick ratio of 0.54 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $17.09 and a two-hundred day moving average price of $16.87.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.