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

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 65,876 shares, a decline of 42.2% from the December 31st total of 113,943 shares. Based on an average trading volume of 392,716 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 392,716 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

KDDI Stock Down 0.7%

Shares of KDDI stock opened at $16.91 on Friday. KDDI has a 12-month low of $9.06 and a 12-month high of $19.09. The firm has a market capitalization of $64.38 billion, a PE ratio of 13.42 and a beta of 0.05. The company has a quick ratio of 0.54, a current ratio of 0.56 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $17.17 and its 200-day moving average is $16.83.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $9.90 billion during the quarter, compared to analyst estimates of $10.40 billion. Equities analysts anticipate that KDDI will post 1.11 earnings per share for the current year.

About KDDI

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.