LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Significant Drop in Short Interest

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY – Get Free Report) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 45,342 shares, a drop of 88.3% from the July 15th total of 385,895 shares. Based on an average daily trading volume, of 113,417 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts have recently weighed in on YAHOY shares. Zacks Research raised shares of LY to a “hold” rating in a research report on Friday, April 17th. The Goldman Sachs Group upgraded shares of LY to a “hold” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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LY Trading Up 0.3%

Shares of YAHOY stock opened at $6.23 on Friday. LY has a 1-year low of $4.58 and a 1-year high of $6.91. The company has a market capitalization of $21.45 billion, a price-to-earnings ratio of 15.97 and a beta of 0.92. The stock’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.19.

LY (OTCMKTS:YAHOY – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.12 earnings per share for the quarter. The firm had revenue of $3.48 billion for the quarter. LY had a return on equity of 5.46% and a net margin of 6.24%. On average, sell-side analysts predict that LY will post 0.28 EPS for the current year.

LY Company Profile

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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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