Kyocera Corporation (OTCMKTS:KYOCY) Sees Large Growth in Short Interest

Kyocera Corporation (OTCMKTS:KYOCY) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 155,087 shares, an increase of 109.5% from the May 14th total of 74,036 shares. Based on an average daily volume of 355,437 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Kyocera Price Performance

Shares of Kyocera stock remained flat at $24.59 during trading on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.91 and a current ratio of 3.08. The company has a market cap of $33.18 billion, a P/E ratio of 36.70 and a beta of 0.56. Kyocera has a 1 year low of $10.58 and a 1 year high of $24.98. The firm’s 50-day moving average price is $19.05 and its 200-day moving average price is $16.59.

Kyocera (OTCMKTS:KYOCY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.21 billion. Kyocera had a return on equity of 4.17% and a net margin of 6.78%.Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. Sell-side analysts predict that Kyocera will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Kyocera from a “buy” rating to a “hold” rating in a report on Monday, February 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Kyocera

Kyocera Corporation (OTCMKTS: KYOCY) is a Japanese multinational manufacturer known for its development and production of advanced ceramics and diversified electronic components. Founded in 1959 by Kazuo Inamori as Kyoto Ceramic Co, Ltd., the company has grown into a broad industrial group with roots in fine ceramic materials and a long-standing emphasis on materials science and precision manufacturing. Kyocera is headquartered in Kyoto, Japan, and operates through a network of subsidiaries and business units serving global markets.

The company’s principal activities include the manufacture of fine ceramics, industrial and engineering ceramics, and a wide array of electronic components such as capacitors, connectors, and semiconductor packaging.