KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Update

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 106,043 shares, a growth of 297.0% from the February 26th total of 26,713 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 476,395 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

KDDI Price Performance

Shares of OTCMKTS:KDDIY opened at $16.96 on Thursday. 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 has a market capitalization of $64.58 billion, a PE ratio of 13.46 and a beta of 0.03. The firm’s 50 day moving average price is $16.91 and its 200-day moving average price is $16.77. KDDI has a twelve month low of $9.06 and a twelve month high of $19.09.

KDDI Company Profile

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.