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

Kyocera Corporation (OTCMKTS:KYOCY - Get Free Report) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 6,700 shares, a decline of 28.0% from the May 15th total of 9,300 shares. Based on an average daily volume of 32,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Kyocera Stock Down 2.3%

OTCMKTS KYOCY traded down $0.27 on Friday, reaching $11.51. 30,008 shares of the stock traded hands, compared to its average volume of 29,364. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.92. The company has a fifty day moving average price of $11.96 and a 200-day moving average price of $11.22. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 95.89 and a beta of 0.33. Kyocera has a 12 month low of $9.21 and a 12 month high of $13.18.

Kyocera (OTCMKTS:KYOCY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The firm had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $515.77 billion. Kyocera had a net margin of 1.15% and a return on equity of 0.71%. As a group, research analysts forecast that Kyocera will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Kyocera from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

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.