LY Co. (OTCMKTS:YAHOY) Short Interest Update

LY Co. (OTCMKTS:YAHOY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 73,000 shares, an increase of 89.1% from the February 28th total of 38,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 258,900 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on LY in a research note on Tuesday, March 25th. They set a “neutral” rating on the stock.

LY Trading Down 2.5 %

Shares of LY stock opened at $6.99 on Friday. LY has a 12-month low of $4.32 and a 12-month high of $7.49. The firm’s 50 day simple moving average is $6.51 and its two-hundred day simple moving average is $5.86. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 34.95 and a beta of 0.97.

LY (OTCMKTS:YAHOY) last issued its earnings results on Thursday, February 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a return on equity of 3.65% and a net margin of 6.17%. On average, sell-side analysts predict that LY will post 0.26 EPS for the current fiscal year.

About LY

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.