Short Interest in KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) Declines By 72.7%

KDDI Corporation Unsponsored ADR (OTCMKTS:KDDIY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 249,787 shares, a decline of 72.7% from the May 31st total of 916,502 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 871,494 shares, the days-to-cover ratio is presently 0.3 days.

KDDI Stock Performance

OTCMKTS:KDDIY opened at $16.61 on Friday. The company has a market cap of $66.56 billion, a price-to-earnings ratio of 13.40 and a beta of 0.05. The stock’s 50 day simple moving average is $16.64 and its two-hundred day simple moving average is $16.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.56 and a quick ratio of 0.55. KDDI has a 1 year low of $12.95 and a 1 year high of $18.67.

KDDI (OTCMKTS:KDDIY) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.63). The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.31 billion. As a group, equities analysts anticipate that KDDI will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research downgraded KDDI from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About KDDI

KDDI Corporation (OTCMKTS: KDDIY) is a diversified Japanese telecommunications and information services company headquartered in Tokyo, Japan. Formed in 2000 through the merger of DDI Corporation, KDD Corporation and IDO Corporation, KDDI provides a broad set of connectivity and digital services for both consumer and enterprise customers. The company operates under well-known consumer brands and through a network of subsidiaries and affiliates that deliver telecommunications, internet and ICT solutions.

At its core, KDDI offers mobile communications services (including the “au” consumer brand), fixed-line and broadband internet access, and fiber-optic services.