KDDI Co. (OTCMKTS:KDDIY) Short Interest Up 135.9% in October

KDDI Co. (OTCMKTS:KDDIY) was the target of a large growth in short interest in 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 daily trading volume, of 681,000 shares, the days-to-cover ratio is presently 0.1 days.

KDDI Stock Performance

Shares of KDDI stock traded up $0.11 during trading on Wednesday, hitting $16.04. 125,997 shares of the company’s stock were exchanged, compared to its average volume of 314,099. The business has a 50-day simple moving average of $16.16 and a 200-day simple moving average of $15.02. The stock has a market capitalization of $70.31 billion, a price-to-earnings ratio of 16.04 and a beta of 0.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.66 and a current ratio of 0.68. KDDI has a 52-week low of $12.80 and a 52-week high of $17.64.

KDDI (OTCMKTS:KDDIY) last issued its earnings results on Friday, November 1st. The company reported $0.29 EPS for the quarter. The firm had revenue of $9.86 billion for the quarter. KDDI had a return on equity of 10.64% and a net margin of 10.62%. On average, research analysts forecast that KDDI will post 1.11 EPS for the current year.

Analyst Ratings Changes

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

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.