Kyocera Corporation (OTCMKTS:KYOCY) Sees Large Growth in Short Interest

Kyocera Corporation (OTCMKTS:KYOCY) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 155,087 shares, an increase of 109.5% from the May 14th total of 74,036 shares. Based on an average daily volume of 355,437 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Kyocera from a “buy” rating to a “hold” rating in a research report on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Kyocera Stock Performance

Shares of OTCMKTS KYOCY remained flat at $24.59 on Friday. The company has a fifty day moving average of $19.05 and a two-hundred day moving average of $16.59. Kyocera has a 12 month low of $10.58 and a 12 month high of $24.98. The firm has a market cap of $33.18 billion, a P/E ratio of 36.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.08 and a quick ratio of 1.91.

Kyocera (OTCMKTS:KYOCY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Kyocera had a return on equity of 4.17% and a net margin of 6.78%.Kyocera has set its FY 2027 guidance at 0.660-0.660 EPS. Equities analysts predict that Kyocera will post 0.66 EPS for the current year.

About Kyocera

Kyocera Corporation (OTCMKTS: KYOCY) is a Japanese multinational manufacturer known for its development and production of advanced ceramics and diversified electronic components. Founded in 1959 by Kazuo Inamori as Kyoto Ceramic Co, Ltd., the company has grown into a broad industrial group with roots in fine ceramic materials and a long-standing emphasis on materials science and precision manufacturing. Kyocera is headquartered in Kyoto, Japan, and operates through a network of subsidiaries and business units serving global markets.

The company’s principal activities include the manufacture of fine ceramics, industrial and engineering ceramics, and a wide array of electronic components such as capacitors, connectors, and semiconductor packaging.