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

KDDI Co. (OTCMKTS:KDDIY) was the target of a large growth in short interest during 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 currently 0.1 days.

Wall Street Analyst Weigh In

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

KDDI Trading Up 0.1 %

Shares of OTCMKTS:KDDIY traded up $0.02 during midday trading on Friday, reaching $16.17. 156,880 shares of the company’s stock were exchanged, compared to its average volume of 275,482. The firm’s 50 day simple moving average is $16.13 and its two-hundred day simple moving average is $15.03. 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 stock has a market cap of $70.88 billion, a price-to-earnings ratio of 16.15 and a beta of 0.06. KDDI has a fifty-two week low of $12.80 and a fifty-two week high of $17.64.

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter. The firm had revenue of $9.86 billion during the quarter. KDDI had a return on equity of 10.64% and a net margin of 10.62%. As a group, sell-side analysts forecast that KDDI will post 1.11 EPS for the current fiscal 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.