Kyocera Corporation (OTCMKTS:KYOCY) Short Interest Up 91.5% in September

Kyocera Corporation (OTCMKTS:KYOCY) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 24,700 shares, an increase of 91.5% from the August 31st total of 12,900 shares. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is presently 0.8 days.

Kyocera Price Performance

OTCMKTS KYOCY opened at $13.66 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $19.24 billion, a PE ratio of 105.07 and a beta of 0.33. Kyocera has a 12-month low of $9.21 and a 12-month high of $14.24. The company has a 50 day moving average price of $13.30 and a two-hundred day moving average price of $12.23.

Kyocera (OTCMKTS:KYOCY) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.13 by $0.05. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.30 billion. As a group, equities analysts predict that Kyocera will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kyocera from a “hold” rating to a “strong-buy” rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Kyocera currently has a consensus rating of “Strong Buy”.

About Kyocera

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.