Kyocera Corporation (OTCMKTS:KYOCY) Short Interest Update

Key Points

• Kyocera Corporation experienced a notable increase in short interest, rising by 34.4% in August, with a total of 12,900 shares shorted as of August 31.
• Research analysts have upgraded Kyocera's stock ratings, with Zacks Research moving it from "hold" to "strong-buy" and an average rating now classified as "Strong Buy".
• Kyocera's quarterly earnings surpassed expectations with $0.18 earnings per share, beating the forecast of $0.13, while revenues were slightly below analyst predictions at $3.21 billion.

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 12,900 shares, an increase of 34.4% from the August 15th total of 9,600 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company's shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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, According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".

Kyocera Trading Down 0.4%

Kyocera stock traded down $0.05 during trading on Friday, reaching $14.19. The company had a trading volume of 28,044 shares, compared to its average volume of 15,650. The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of 109.15 and a beta of 0.31. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.92. Kyocera has a 12-month low of $9.21 and a 12-month high of $14.24. The stock's 50 day moving average price is $12.69 and its two-hundred day moving average price is $12.07.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last announced 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 firm had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.30 billion. Kyocera had a net margin of 1.30% and a return on equity of 0.80%. As a group, equities analysts expect that Kyocera will post 0.32 earnings per share for the current fiscal year.

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.