LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Up 180.4% in July

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 385,895 shares, a growth of 180.4% from the June 30th total of 137,617 shares. Based on an average trading volume of 250,998 shares, the short-interest ratio is currently 1.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on YAHOY. The Goldman Sachs Group raised LY to a “hold” rating in a research note on Sunday, May 10th. Zacks Research raised LY to a “hold” rating in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, LY currently has an average rating of “Hold”.

LY Price Performance

Shares of YAHOY opened at $5.33 on Tuesday. The firm has a 50-day simple moving average of $5.21 and a two-hundred day simple moving average of $5.13. The stock has a market cap of $18.35 billion, a PE ratio of 14.41 and a beta of 0.92. LY has a 1-year low of $4.58 and a 1-year high of $7.55.

LY (OTCMKTS:YAHOY) last issued its quarterly earnings data on Friday, May 8th. The technology company reported $0.08 EPS for the quarter. The firm 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%. As a group, sell-side analysts expect that LY will post 0.28 earnings per share for the current fiscal 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.