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

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 137,617 shares, an increase of 2,989.0% from the June 15th total of 4,455 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 479,909 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

YAHOY has been the topic of a number of research reports. Zacks Research upgraded LY to a “hold” rating in a report on Friday, April 17th. The Goldman Sachs Group upgraded shares of LY to a “hold” rating in a research note on Sunday, May 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

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LY Stock Up 0.1%

Shares of OTCMKTS:YAHOY traded up $0.01 during trading on Friday, reaching $5.48. The stock had a trading volume of 64,656 shares, compared to its average volume of 343,050. The stock has a fifty day simple moving average of $5.19 and a two-hundred day simple moving average of $5.12. LY has a 52 week low of $4.58 and a 52 week high of $7.99. The firm has a market capitalization of $18.86 billion, a price-to-earnings ratio of 14.81 and a beta of 0.92.

LY (OTCMKTS:YAHOY – Get Free Report) last posted 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 during 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 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.

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