KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Sees Large Drop in Short Interest

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 43,251 shares, a decrease of 64.7% from the August 15th total of 122,588 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 227,110 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KDDIY shares. Erste Group Bank raised KDDI to a “strong-buy” rating in a research note on Monday, July 27th. Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy”.

KDDI Trading Up 0.7%

Shares of KDDIY traded up $0.13 during trading hours on Monday, hitting $19.91. The company had a trading volume of 43,098 shares, compared to its average volume of 304,157. KDDI has a 52-week low of $12.95 and a 52-week high of $20.17. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.21. The firm has a market cap of $79.79 billion, a P/E ratio of 15.80, a P/E/G ratio of 2.09 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. On average, research analysts predict that KDDI will post 1.26 EPS for the current year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet, and related digital services to consumers, businesses, and public-sector customers. Its principal consumer brands include au, UQ mobile, and povo.

KDDI also offers enterprise services such as network connectivity, cloud computing, data centers, cybersecurity, systems integration, and communications solutions for businesses.