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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 35,949 shares, a decrease of 57.6% from the September 15th total of 84,819 shares. Based on an average trading volume of 402,179 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

KDDI Price Performance

Shares of KDDIY opened at $17.92 on Tuesday. The stock has a market cap of $71.81 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53. KDDI has a fifty-two week low of $14.00 and a fifty-two week high of $20.54. The firm’s 50-day simple moving average is $18.62 and its two-hundred day simple moving average is $17.53.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Friday, August 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. Analysts anticipate that KDDI will post 1.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KDDIY shares. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank raised KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

KDDI Company Profile

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.