Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Expands By 397.5%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 147,635 shares, a growth of 397.5% from the April 30th total of 29,674 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 305,198 shares, the days-to-cover ratio is presently 0.5 days.

LY Price Performance

Shares of OTCMKTS YAHOY opened at $5.18 on Friday. The business’s 50 day moving average is $5.13 and its two-hundred day moving average is $5.16. LY has a 1-year low of $4.58 and a 1-year high of $7.99. The stock has a market capitalization of $17.83 billion, a P/E ratio of 14.00 and a beta of 0.95.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings data on Friday, May 8th. The technology company reported $0.08 earnings per share for the quarter. LY had a return on equity of 5.02% and a net margin of 6.14%.The company had revenue of $11.17 billion for the quarter. As a group, equities research analysts anticipate that LY will post 0.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upgraded LY to a “hold” rating in a research report on Sunday, May 10th. Zacks Research upgraded shares of LY to a “hold” rating in a research report on Friday, April 17th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About LY

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.