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

LY Co. (OTCMKTS:YAHOY - Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 13,200 shares, a decrease of 78.6% from the September 30th total of 61,800 shares. Based on an average daily trading volume, of 108,000 shares, the short-interest ratio is currently 0.1 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 Stock Down 0.6 %

Shares of LY stock traded down $0.03 during trading hours on Friday, hitting $5.36. The company's stock had a trading volume of 70,801 shares, compared to its average volume of 70,814. The company has a market capitalization of $20.47 billion, a PE ratio of 24.50 and a beta of 1.03. The business has a fifty day moving average of $5.58 and a 200 day moving average of $5.09. LY has a 1-year low of $4.32 and a 1-year high of $7.05.

LY (OTCMKTS:YAHOY - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $0.05 EPS for the quarter. The company had revenue of $2.97 billion for the quarter. LY had a return on equity of 3.77% and a net margin of 6.88%. On average, sell-side analysts anticipate that LY will post 0.26 earnings per share for the current fiscal year.

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.