Short Interest in KDDI Co. (OTCMKTS:KDDIY) Expands By 135.9%

KDDI Co. (OTCMKTS:KDDIY) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 86,100 shares, a growth of 135.9% from the October 15th total of 36,500 shares. Based on an average trading volume of 681,000 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, New Street Research raised KDDI to a “strong-buy” rating in a research report on Monday, September 9th.

KDDI Price Performance

Shares of OTCMKTS:KDDIY traded up $0.02 during midday trading on Friday, reaching $16.17. 156,880 shares of the company’s stock traded hands, compared to its average volume of 275,482. KDDI has a 1 year low of $12.80 and a 1 year high of $17.64. The company has a market cap of $70.88 billion, a P/E ratio of 16.15 and a beta of 0.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 0.68. The company has a fifty day simple moving average of $16.13 and a two-hundred day simple moving average of $15.03.

KDDI (OTCMKTS:KDDIY) last announced its earnings results on Friday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. KDDI had a return on equity of 10.64% and a net margin of 10.62%. The firm had revenue of $9.86 billion for the quarter. Equities analysts predict that KDDI will post 1.11 EPS for the current fiscal year.

KDDI Company Profile

KDDI Corporation provides telecommunications services in Japan and internationally. It operates in two segments, Personal Services and Business Services. The Personal Services segment offers telecommunication services and other services such as finance, energy, and LX through its multi-brands au, UQ mobile, and povo.