Short Interest in KDDI Co. (OTCMKTS:KDDIY) Drops By 60.5%

KDDI Co. (OTCMKTS:KDDIY - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 36,500 shares, a decrease of 60.5% from the September 30th total of 92,400 shares. Based on an average trading volume of 625,300 shares, the days-to-cover ratio is currently 0.1 days.

KDDI Trading Up 0.1 %

Shares of KDDIY stock traded up $0.02 on Monday, reaching $15.49. 119,230 shares of the company's stock were exchanged, compared to its average volume of 280,110. The company's fifty day simple moving average is $16.35 and its 200 day simple moving average is $14.87. The stock has a market capitalization of $67.90 billion, a PE ratio of 14.75 and a beta of 0.06. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 0.31. KDDI has a 52 week low of $12.80 and a 52 week high of $17.64.

KDDI (OTCMKTS:KDDIY - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.27 EPS for the quarter. KDDI had a net margin of 10.98% and a return on equity of 10.98%. The firm had revenue of $8.91 billion for the quarter. As a group, analysts forecast that KDDI will post 1.01 EPS for the current year.

Analyst Ratings Changes

Separately, New Street Research raised shares of KDDI to a "strong-buy" rating in a research note 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.