Short Interest in KDDI Corporation (OTCMKTS:SKSBF) Grows By 24.1%

KDDI Corporation (OTCMKTS:SKSBF) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,830,100 shares, a growth of 24.1% from the August 15th total of 2,280,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 28,301.0 days.

Shares of OTCMKTS:SKSBF opened at $21.05 on Wednesday. The firm’s fifty day moving average is $20.67. KDDI has a one year low of $13.75 and a one year high of $24.30.

Separately, Bank of America raised shares of KDDI from an “underperform” rating to a “neutral” rating in a research note on Monday, June 8th.

KDDI Company Profile

Skanska AB (publ), a construction and project development company, develops and constructs commercial properties, and residential and public private partnerships projects in the Nordic region, Europe, and the United States. It operates through Construction, Residential Development, Commercial Property Development, and Infrastructure Development segments.

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