KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Short Interest Down 72.7% in June

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

KDDI Stock Up 1.0%

Shares of OTCMKTS:KDDIY traded up $0.17 on Friday, reaching $16.61. The company had a trading volume of 499,914 shares, compared to its average volume of 404,626. KDDI has a 52-week low of $12.95 and a 52-week high of $18.67. The firm’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $16.88. The firm has a market capitalization of $66.56 billion, a PE ratio of 13.40 and a beta of 0.05. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $10.31 billion. As a group, analysts expect that KDDI will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of KDDI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About KDDI

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.