Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Increases By 33.1%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 187,242 shares, an increase of 33.1% from the November 30th total of 140,647 shares. Based on an average trading volume of 493,995 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 493,995 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, According to MarketBeat, the company currently has a consensus rating of “Hold”.

KDDI Stock Performance

KDDIY traded down $0.05 during trading on Tuesday, reaching $17.31. 128,903 shares of the company were exchanged, compared to its average volume of 287,743. KDDI has a 52 week low of $9.06 and a 52 week high of $19.09. 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 of $16.90 and a 200 day moving average of $16.79. The stock has a market cap of $65.90 billion, a P/E ratio of 13.74 and a beta of 0.05.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $9.90 billion for the quarter, compared to the consensus estimate of $10.40 billion. On average, sell-side analysts forecast that KDDI will post 1.11 EPS for the current fiscal year.

KDDI Company Profile

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.