LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) Short Interest Up 180.4% in July

LY Corporation Unsponsored ADR (OTCMKTS:YAHOY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 385,895 shares, an increase of 180.4% from the June 30th total of 137,617 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 250,998 shares, the short-interest ratio is presently 1.5 days.

LY Price Performance

Shares of OTCMKTS YAHOY opened at $5.27 on Monday. The firm has a market capitalization of $18.15 billion, a PE ratio of 14.25 and a beta of 0.92. LY has a 1-year low of $4.58 and a 1-year high of $7.76. The business’s fifty day moving average price is $5.21 and its two-hundred day moving average price is $5.13.

LY (OTCMKTS:YAHOY) last announced its quarterly earnings results on Friday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter. LY had a net margin of 6.14% and a return on equity of 4.98%. The company had revenue of $11.17 billion during the quarter. Equities research analysts expect that LY will post 0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on YAHOY. The Goldman Sachs Group raised shares of LY to a “hold” rating in a report on Sunday, May 10th. Zacks Research raised shares of LY to a “hold” rating in a report on Friday, April 17th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.