LY Co. (OTCMKTS:YAHOY) Short Interest Down 76.0% in August

LY Co. (OTCMKTS:YAHOY) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 34,200 shares, a decrease of 76.0% from the August 15th total of 142,300 shares. Based on an average daily volume of 137,000 shares, the short-interest ratio is presently 0.2 days.

LY Stock Performance

Shares of YAHOY opened at $5.88 on Friday. The company’s 50-day simple moving average is $5.19 and its 200-day simple moving average is $4.99. LY has a 1 year low of $4.32 and a 1 year high of $7.05. The stock has a market capitalization of $22.45 billion, a PE ratio of 24.17 and a beta of 1.03.

LY (OTCMKTS:YAHOY) last announced its earnings results on Friday, August 2nd. The technology company reported $0.05 earnings per share for the quarter. LY had a net margin of 6.88% and a return on equity of 3.77%. The firm had revenue of $2.97 billion for the quarter. On average, sell-side analysts predict that LY will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, New Street Research raised LY to a “strong-buy” rating in a research note on Monday, September 9th.

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.