LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Sees Large Increase in Short Interest

Key Points

• LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) experienced a dramatic increase in short interest of 617.1% in September, with a total of 25,100 shares compared to 3,500 shares in August.
• The company's stock opened at $6.37 with a market capitalization of $21.92 billion and has a 52-week trading range between $5.16 and $8.41.
• Analysts have downgraded the stock rating from "strong-buy" to "hold," reflecting a consensus rating of "Hold" among investors.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 25,100 shares, an increase of 617.1% from the August 31st total of 3,500 shares. Based on an average trading volume of 363,700 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 363,700 shares, the short-interest ratio is currently 0.1 days.

LY Stock Performance

Shares of OTCMKTS YAHOY opened at $6.37 on Wednesday. The stock has a 50 day moving average price of $6.65 and a 200 day moving average price of $7.02. The firm has a market capitalization of $21.92 billion, a price-to-earnings ratio of 23.59 and a beta of 0.67. LY has a 52-week low of $5.16 and a 52-week high of $8.41.

LY (OTCMKTS:YAHOY - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $0.08 earnings per share for the quarter. The company had revenue of $3.39 billion during the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%. Analysts forecast that LY will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Zacks Research lowered LY from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

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.

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