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

Key Points

• KDDI Corporation saw a significant increase in short interest by 27.7% in August, reaching a total of 92,200 shares as of August 15th.
• The company's stock price declined by 1.7%, trading at $16.75, with a current market capitalization of $70.15 billion.
• KDDI missed its quarterly earnings expectations, reporting an EPS of $0.30 while analysts had estimated $0.33.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 92,200 shares, an increase of 27.7% from the July 31st total of 72,200 shares. Based on an average trading volume of 238,100 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 238,100 shares, the days-to-cover ratio is presently 0.4 days.

KDDI Trading Down 0.2%

OTCMKTS KDDIY traded down $0.03 during trading hours on Friday, hitting $16.87. 93,731 shares of the company's stock were exchanged, compared to its average volume of 110,336. The business's 50 day moving average is $17.06 and its 200-day moving average is $16.98. KDDI has a 12-month low of $9.06 and a 12-month high of $19.09. The firm has a market capitalization of $70.65 billion, a P/E ratio of 16.70 and a beta of 0.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.57 and a current ratio of 0.58.

KDDI (OTCMKTS:KDDIY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The firm had revenue of $9.54 billion during the quarter, compared to analysts' expectations of $9.99 billion. KDDI had a return on equity of 10.87% and a net margin of 10.71%. As a group, analysts anticipate that KDDI will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut KDDI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.