Kyocera Corporation (OTCMKTS:KYOCY) Sees Large Increase in Short Interest

Key Points

• Short Interest Surge: Kyocera Corporation saw a significant increase in short interest of 91.5% in September, with a total of 24,700 shares by September 15th, up from 12,900 shares at the end of August.
• Stock Performance: The stock currently trades at $13.72, down 0.7%, with a market cap of $19.33 billion and a PE ratio of 105.54, indicating high valuation relative to earnings.
• Analyst Upgrades: Zacks Research upgraded Kyocera to a "strong-buy" rating, with the current consensus rating also reflecting strong buy sentiment from analysts.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 24,700 shares, an increase of 91.5% from the August 31st total of 12,900 shares. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 31,700 shares, the days-to-cover ratio is currently 0.8 days.

Kyocera Stock Down 0.7%

OTCMKTS:KYOCY traded down $0.10 during trading hours on Friday, hitting $13.72. 9,498 shares of the company traded hands, compared to its average volume of 15,062. Kyocera has a one year low of $9.21 and a one year high of $14.24. The company has a quick ratio of 1.86, a current ratio of 2.92 and a debt-to-equity ratio of 0.06. The company has a market cap of $19.33 billion, a PE ratio of 105.54 and a beta of 0.33. The firm's 50-day simple moving average is $13.25 and its 200-day simple moving average is $12.21.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. Equities analysts predict that Kyocera will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Kyocera from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

Kyocera Company Profile

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.

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