LY Co. (OTCMKTS:YAHOY – Get Free Report) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 33,900 shares, a growth of 156.8% from the October 15th total of 13,200 shares. Based on an average daily volume of 118,600 shares, the days-to-cover ratio is currently 0.3 days.
LY Price Performance
Shares of LY stock opened at $5.33 on Friday. The company has a 50-day moving average of $5.58 and a 200 day moving average of $5.17. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 27.63 and a beta of 1.03. LY has a 1 year low of $4.32 and a 1 year high of $7.05.
Analysts Set New Price Targets
Separately, New Street Research upgraded shares of 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.
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