Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Declines By 39.6%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOYGet Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 29,674 shares, a decline of 39.6% from the April 15th total of 49,097 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 594,997 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

YAHOY has been the subject of a number of research reports. Zacks Research raised shares of LY to a “hold” rating in a research report on Friday, April 17th. The Goldman Sachs Group raised shares of 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.com, the company presently has an average rating of “Hold”.

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LY Stock Performance

YAHOY stock opened at $5.23 on Monday. The stock has a fifty day moving average of $5.10 and a 200-day moving average of $5.20. LY has a fifty-two week low of $4.58 and a fifty-two week high of $7.99. The company has a market capitalization of $18.00 billion, a price-to-earnings ratio of 14.14 and a beta of 0.95.

LY (OTCMKTS:YAHOYGet Free Report) last announced its quarterly earnings data on Friday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $11.17 billion for the quarter. LY had a return on equity of 5.02% and a net margin of 6.14%. Equities analysts predict that LY will post 0.28 EPS for the current year.

About LY

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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.

Further Reading

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