KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Down 42.2% in January

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 65,876 shares, a decline of 42.2% from the December 31st total of 113,943 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 392,716 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 392,716 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

KDDI Stock Down 0.6%

Shares of OTCMKTS KDDIY opened at $16.81 on Friday. The firm’s 50-day moving average is $17.16 and its two-hundred day moving average is $16.84. The company has a market capitalization of $64.00 billion, a PE ratio of 13.34 and a beta of 0.05. KDDI has a 12-month low of $9.06 and a 12-month high of $19.09. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.56 and a quick ratio of 0.54.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $10.40 billion. Equities analysts anticipate that KDDI will post 1.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

About KDDI

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.