KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Sees Large Decline in Short Interest

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 7,004 shares, a decrease of 80.5% from the September 30th total of 35,949 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 524,639 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Erste Group Bank upgraded shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. Zacks Research raised shares of KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

View Our Latest Stock Report on KDDI

KDDI Trading Down 0.4%

Shares of OTCMKTS KDDIY opened at $18.14 on Tuesday. KDDI has a one year low of $14.67 and a one year high of $20.54. The firm has a market capitalization of $72.70 billion, a PE ratio of 14.40, a PEG ratio of 1.89 and a beta of 0.09. The company has a current ratio of 0.53, a quick ratio of 0.52 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $18.66 and a two-hundred day moving average price of $17.40.

KDDI (OTCMKTS:KDDIY – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.31 billion. As a group, analysts predict that KDDI will post 1.29 earnings per share for the current fiscal year.

KDDI Company Profile

(Get Free Report)

KDDI Corporation is a Japanese telecommunications company that provides communications, technology and digital services to consumers, businesses and government organizations. Its offerings include mobile voice and data services, fixed-line telecommunications, broadband internet, network connectivity and related information technology solutions.

KDDI markets consumer services under brands such as au, UQ mobile and povo, and also provides smartphones, internet access, digital content, financial services and other lifestyle products.

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