Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Declines By 79.3%

Key Points

• KDDI Corporation saw a 79.3% decline in short interest in September, dropping from 93,200 shares to 19,300 shares.
• The stock traded down to $15.81, with a market capitalization of $66.21 billion and a P/E ratio of 15.65.
• Zacks Research downgraded KDDI from a "strong-buy" to a "hold" rating, reflecting a cautious outlook on the stock.

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 19,300 shares, a drop of 79.3% from the August 31st total of 93,200 shares. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 0.1 days.

KDDI Price Performance

OTCMKTS KDDIY traded down $0.02 during trading on Wednesday, hitting $15.81. 143,940 shares of the stock traded hands, compared to its average volume of 245,848. The company has a market capitalization of $66.21 billion, a P/E ratio of 15.65 and a beta of 0.12. The firm has a 50-day simple moving average of $17.06 and a 200-day simple moving average of $17.00. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. KDDI has a 12-month low of $9.06 and a 12-month high of $19.09.

KDDI (OTCMKTS:KDDIY - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). The firm had revenue of $9.54 billion for the quarter, compared to analysts' expectations of $9.99 billion. KDDI had a net margin of 10.71% and a return on equity of 10.87%. As a group, analysts predict that KDDI will post 1.11 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research cut KDDI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

About KDDI

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.

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