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

Key Points

• KDDI Corporation's short interest grew by 185.5% in September, reaching a total of 55,100 shares as of September 30th, compared to 19,300 shares two weeks prior.
• The company's most recent earnings report showed $0.30 earnings per share, which fell short of analysts' expectations of $0.33, with revenues also missing estimates at $9.54 billion.
• Wall Street analysts have downgraded KDDI's stock from a "hold" to a "strong sell" rating, contributing to its current average rating of "Sell."

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 55,100 shares, a growth of 185.5% from the September 15th total of 19,300 shares. Based on an average daily trading volume, of 469,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 469,600 shares, the days-to-cover ratio is presently 0.1 days.

KDDI Stock Performance

KDDIY traded up $0.25 during trading hours on Friday, hitting $15.75. The stock had a trading volume of 323,648 shares, compared to its average volume of 460,963. The company's fifty day simple moving average is $16.74 and its 200 day simple moving average is $16.96. KDDI has a 1 year low of $9.06 and a 1 year high of $19.09. The stock has a market cap of $65.96 billion, a PE ratio of 15.59 and a beta of 0.06. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

KDDI (OTCMKTS:KDDIY - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.03). The business had revenue of $9.54 billion during the quarter, compared to analyst estimates of $9.99 billion. Equities analysts anticipate that KDDI will post 1.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of KDDI from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

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.

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