LY Co. (OTCMKTS:YAHOY) Short Interest Up 23.9% in May

LY Co. (OTCMKTS:YAHOY - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 33,200 shares, an increase of 23.9% from the April 30th total of 26,800 shares. Based on an average trading volume of 196,700 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of LY in a report on Tuesday, March 25th. They issued a "neutral" rating for the company.

LY Stock Up 2.7%

Shares of LY stock traded up $0.19 during mid-day trading on Friday, hitting $7.31. The stock had a trading volume of 31,949 shares, compared to its average volume of 120,725. The firm has a 50-day moving average of $7.25 and a two-hundred day moving average of $6.44. LY has a 12-month low of $4.55 and a 12-month high of $8.41. The firm has a market cap of $26.15 billion, a P/E ratio of 36.55 and a beta of 0.84.

LY Company Profile

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services.