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LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Update

LY logo with Retail/Wholesale background

Key Points

  • LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) experienced a significant decrease in short interest, dropping 93.4% from July to August, with only 3,400 shares reported as short interest by August 15th.
  • The stock was downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research, though it still holds an average rating of "Moderate Buy" among analysts.
  • During midday trading, LY stock reached $6.21, with a trading volume of 408,997 shares, and has a market capitalization of $21.56 billion.
  • MarketBeat previews top five stocks to own in October.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totaling 3,400 shares, adeclineof93.4% from the July 31st total of 51,500 shares. Based on an average daily volume of 289,000 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 289,000 shares, the days-to-cover ratio is presently 0.0 days.

LY Stock Performance

Shares of OTCMKTS:YAHOY traded up $0.04 during trading on Friday, reaching $6.40. 202,026 shares of the stock traded hands, compared to its average volume of 209,958. The stock has a market cap of $22.22 billion, a P/E ratio of 23.70 and a beta of 0.67. The stock has a 50-day moving average of $6.87 and a two-hundred day moving average of $7.05. LY has a 52-week low of $5.16 and a 52-week high of $8.41.

LY (OTCMKTS:YAHOY - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%.The business had revenue of $3.39 billion for the quarter. Sell-side analysts expect that LY will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered LY from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

View Our Latest Stock Report on YAHOY

About LY

(Get Free Report)

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.

Further Reading

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