Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Declines By 97.6%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 3,508 shares, a decrease of 97.6% from the May 14th total of 147,635 shares. Based on an average daily volume of 342,633 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

YAHOY has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of LY to a “hold” rating in a research note on Sunday, May 10th. Zacks Research raised LY to a “hold” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

LY Price Performance

Shares of YAHOY stock opened at $4.96 on Wednesday. The stock has a 50-day moving average price of $5.16 and a 200 day moving average price of $5.14. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 13.40 and a beta of 0.94. LY has a 12 month low of $4.58 and a 12 month high of $7.99.

LY (OTCMKTS:YAHOY) last released its earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $11.17 billion for the quarter. LY had a net margin of 6.14% and a return on equity of 4.98%. Sell-side analysts predict that LY will post 0.28 earnings per share for the current fiscal year.

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. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.