KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Jumps 96.1%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 84,819 shares, an increase of 96.1% from the August 31st total of 43,251 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 536,508 shares, the short-interest ratio is presently 0.2 days.

KDDI Stock Down 1.6%

KDDIY stock opened at $18.56 on Thursday. The firm has a market cap of $74.38 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.98 and a beta of 0.05. KDDI has a 1-year low of $12.95 and a 1-year high of $20.54. The firm has a fifty day moving average price of $18.63 and a two-hundred day moving average price of $17.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.52.

KDDI (OTCMKTS:KDDIY) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.31 billion. Research analysts predict that KDDI will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

KDDIY has been the topic of a number of research analyst reports. Zacks Research upgraded shares of KDDI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Erste Group Bank raised shares of KDDI to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.