LY Co. (OTCMKTS:YAHOY) Short Interest Down 55.8% in November

LY Co. (OTCMKTS:YAHOY) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 22,400 shares, a drop of 55.8% from the November 15th total of 50,700 shares. Based on an average daily volume of 338,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

LY Price Performance

OTCMKTS YAHOY opened at $5.69 on Friday. The stock’s 50-day moving average is $5.50 and its 200-day moving average is $5.26. LY has a one year low of $4.32 and a one year high of $7.05. The firm has a market cap of $20.34 billion, a P/E ratio of 30.18 and a beta of 1.01.

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.