Short Interest in LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Increases By 617.1%

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 25,100 shares, an increase of 617.1% from the August 31st total of 3,500 shares. Based on an average daily volume of 363,700 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 363,700 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded LY from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

LY Stock Down 2.1%

YAHOY opened at $6.19 on Friday. LY has a 12-month low of $5.16 and a 12-month high of $8.41. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 22.93 and a beta of 0.69. The business has a 50 day moving average of $6.59 and a 200-day moving average of $7.01.

LY (OTCMKTS:YAHOY) last released its quarterly earnings data on Monday, August 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a return on equity of 5.81% and a net margin of 7.78%.The company had revenue of $3.39 billion during the quarter. As a group, analysts expect that LY will post 0.26 earnings per share for the current 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.