KDDI Co. (OTCMKTS:KDDIY) Short Interest Down 82.5% in September

by · The Cerbat Gem

KDDI Co. (OTCMKTS:KDDIY – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 92,400 shares, a decrease of 82.5% from the September 15th total of 527,500 shares. Based on an average daily trading volume, of 144,000 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on KDDI

KDDI Price Performance

KDDIY stock traded up $0.10 during trading on Thursday, reaching $16.04. 107,358 shares of the company were exchanged, compared to its average volume of 265,639. KDDI has a twelve month low of $12.80 and a twelve month high of $17.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.68 and a quick ratio of 0.66. The company has a market capitalization of $70.31 billion, a price-to-earnings ratio of 15.18 and a beta of 0.06. The company has a 50-day moving average of $16.23 and a two-hundred day moving average of $14.76.

KDDI (OTCMKTS:KDDIY – Get Free Report) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.27 earnings per share (EPS) for the quarter. KDDI had a net margin of 10.98% and a return on equity of 10.98%. The company had revenue of $8.91 billion during the quarter. As a group, equities analysts predict that KDDI will post 1.12 earnings per share for the current fiscal year.

KDDI Company Profile

(Get Free Report)

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.

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