Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Declines By 72.7%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 249,787 shares, a decrease of 72.7% from the May 31st total of 916,502 shares. Based on an average daily volume of 871,494 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

KDDI Stock Up 1.0%

OTCMKTS:KDDIY opened at $16.61 on Friday. The company has a market cap of $66.56 billion, a price-to-earnings ratio of 13.40 and a beta of 0.05. KDDI has a twelve month low of $12.95 and a twelve month high of $18.67. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $16.64 and a 200-day simple moving average of $16.88.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Tuesday, May 12th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.63). The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $10.31 billion. Analysts anticipate that KDDI will post 1.23 EPS for the current year.

KDDI Company Profile

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.