LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Large Drop in Short Interest

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 45,342 shares, a decline of 88.3% from the July 15th total of 385,895 shares. Based on an average daily volume of 113,417 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

YAHOY has been the subject of a number of research reports. Zacks Research upgraded shares of LY to a “hold” rating in a report on Friday, April 17th. The Goldman Sachs Group raised LY to a “hold” rating in a report on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

LY Stock Up 1.7%

OTCMKTS:YAHOY opened at $6.21 on Thursday. LY has a 1-year low of $4.58 and a 1-year high of $6.91. The firm has a market capitalization of $21.38 billion, a price-to-earnings ratio of 15.92 and a beta of 0.92. The stock has a fifty day simple moving average of $5.38 and a 200 day simple moving average of $5.19.

LY (OTCMKTS:YAHOY) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter. LY had a return on equity of 5.46% and a net margin of 6.24%.The firm had revenue of $3.48 billion for the quarter. Equities analysts predict that LY will post 0.28 earnings per share for the current year.

LY Company Profile

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.