KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Up 27.7% in August

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) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 92,200 shares, agrowthof27.7% from the July 31st total of 72,200 shares. Based on an average daily volume of 238,100 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 238,100 shares, the days-to-cover ratio is currently 0.4 days.

KDDI Stock Down 1.7%

OTCMKTS:KDDIY traded down $0.29 during mid-day trading on Tuesday, hitting $16.75. The stock had a trading volume of 217,686 shares, compared to its average volume of 249,632. The stock has a 50-day simple moving average of $17.08 and a two-hundred day simple moving average of $16.97. The company has a market capitalization of $70.15 billion, a PE ratio of 16.58 and a beta of 0.12. KDDI has a twelve month low of $9.06 and a twelve month high of $19.09. The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 0.39.

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

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of KDDI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

KDDI Company Profile

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.

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