Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Expands By 2,989.0%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 137,617 shares, a growth of 2,989.0% from the June 15th total of 4,455 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 479,909 shares, the short-interest ratio is currently 0.3 days.

LY Trading Up 0.1%

OTCMKTS:YAHOY traded up $0.01 during trading hours on Friday, hitting $5.48. The company had a trading volume of 64,656 shares, compared to its average volume of 177,380. LY has a 1 year low of $4.58 and a 1 year high of $7.99. The company has a market cap of $18.86 billion, a P/E ratio of 14.81 and a beta of 0.92. The company has a 50-day moving average of $5.20 and a 200 day moving average of $5.12.

LY (OTCMKTS:YAHOY) last issued its earnings results on Friday, May 8th. The technology company reported $0.08 EPS for the quarter. The company had revenue of $11.17 billion for the quarter. LY had a net margin of 6.14% and a return on equity of 4.98%. On average, analysts forecast that LY will post 0.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research raised LY to a “hold” rating in a research 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, the company has an average rating of “Hold”.

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.