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

Key Points

• LY Corporation's short interest rose significantly by 76.5% in September, reaching a total of 44,300 shares as of September 30th.
• The company's stock price opened at $5.94, with a market cap of $20.44 billion and a price-to-earnings ratio of 22.00.
• Analysts have downgraded LY from a "strong-buy" to a "hold" rating, reflecting a more cautious outlook on the stock.

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY - Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 44,300 shares, an increase of 76.5% from the September 15th total of 25,100 shares. Based on an average daily volume of 265,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 265,600 shares, the days-to-cover ratio is presently 0.2 days.

LY Stock Up 1.4%

OTCMKTS:YAHOY opened at $5.94 on Tuesday. The company has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $6.93. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 22.00 and a beta of 0.69. 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 quarterly earnings results on Monday, August 4th. The technology company reported $0.08 EPS for the quarter. The business had revenue of $3.39 billion during the quarter. LY had a net margin of 7.78% and a return on equity of 5.81%. On average, analysts expect that LY will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered LY from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average 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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