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

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

Analysts Set New Price Targets

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

LY Stock Performance

LY stock opened at $6.32 on Thursday. The stock’s 50 day moving average price is $6.62 and its 200 day moving average price is $7.02. LY has a one year low of $5.16 and a one year high of $8.41. The firm has a market capitalization of $21.75 billion, a PE ratio of 23.41 and a beta of 0.70.

LY (OTCMKTS:YAHOY) last announced its earnings results 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 for the quarter. On average, analysts forecast 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.