KDDI Co. (OTCMKTS:KDDIY) Sees Significant Decline in Short Interest

KDDI Co. (OTCMKTS:KDDIY) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 31,400 shares, a drop of 41.2% from the November 30th total of 53,400 shares. Based on an average daily volume of 324,200 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

KDDI Stock Down 0.1 %

KDDIY stock opened at $15.74 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.63 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $16.02 and its 200 day simple moving average is $15.52. The stock has a market cap of $69.00 billion, a PE ratio of 15.74 and a beta of 0.07. KDDI has a fifty-two week low of $12.80 and a fifty-two week high of $17.64.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings results on Friday, November 1st. The company reported $0.29 earnings per share for the quarter. KDDI had a return on equity of 10.70% and a net margin of 10.62%. The company had revenue of $9.86 billion for the quarter. As a group, sell-side analysts predict that KDDI will post 1.11 EPS for the current year.

About KDDI

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.