KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Stock Short Interest Report for September

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 35,949 shares, a drop of 57.6% from the September 15th total of 84,819 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 402,179 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KDDIY shares. Zacks Research raised KDDI from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Erste Group Bank upgraded KDDI to a “strong-buy” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

KDDI Price Performance

Shares of OTCMKTS:KDDIY traded up $0.28 during trading hours on Thursday, hitting $18.20. 655,291 shares of the company’s stock traded hands, compared to its average volume of 307,256. The company’s fifty day simple moving average is $18.62 and its two-hundred day simple moving average is $17.54. The company has a market cap of $72.94 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.89 and a beta of 0.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.52 and a current ratio of 0.53. KDDI has a 52 week low of $14.00 and a 52 week high of $20.54.

KDDI (OTCMKTS:KDDIY) last released its earnings results on Friday, August 7th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.31 billion. As a group, equities analysts anticipate that KDDI will post 1.29 EPS for the current fiscal year.

About KDDI

KDDI Corporation is a Japanese telecommunications and information technology company headquartered in Tokyo. The company provides mobile communications, fixed-line telecommunications, broadband internet access and related digital services to consumers, businesses and public-sector organizations.

Its consumer brands include au, UQ mobile and povo, which offer mobile voice and data services. KDDI also provides fixed broadband and telecommunications services through offerings such as au HIKARI, as well as internet, video, payment and other lifestyle services.