LY Co. (OTCMKTS:YAHOY) Sees Significant Increase in Short Interest

LY Co. (OTCMKTS:YAHOY) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 33,900 shares, a growth of 156.8% from the October 15th total of 13,200 shares. Based on an average trading volume of 118,600 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

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

LY Trading Up 1.5 %

Shares of YAHOY opened at $5.33 on Friday. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 27.63 and a beta of 1.03. The stock has a 50 day moving average of $5.58 and a 200-day moving average of $5.17. LY has a 52 week low of $4.32 and a 52 week high of $7.05.

LY Company Profile

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services.