KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Down 72.7% in June

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIYGet Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 249,787 shares, a decline of 72.7% from the May 31st total of 916,502 shares. Based on an average trading volume of 871,494 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

KDDI Stock Performance

Shares of KDDI stock traded up $0.15 during trading on Monday, reaching $16.76. The company’s stock had a trading volume of 124,281 shares, compared to its average volume of 362,038. The company has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $16.87. The firm has a market cap of $67.16 billion, a PE ratio of 13.52 and a beta of 0.05. KDDI has a fifty-two week low of $12.95 and a fifty-two week high of $18.67. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIYGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $10.31 billion. On average, analysts forecast that KDDI will post 1.23 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, KDDI currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on KDDIY

KDDI Company Profile

(Get Free Report)

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.

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