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

KDDI Co. (OTCMKTS:KDDIY) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 86,100 shares, an increase 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.

KDDI Price Performance

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

KDDI (OTCMKTS:KDDIY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.29 EPS for the quarter. The company had revenue of $9.86 billion during the quarter. KDDI had a net margin of 10.62% and a return on equity of 10.64%. Analysts expect 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 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.