Short Interest in Kyocera Co. (OTCMKTS:KYOCY) Drops By 77.3%

Kyocera Co. (OTCMKTS:KYOCY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,400 shares, a drop of 77.3% from the February 29th total of 15,000 shares. Based on an average trading volume of 65,700 shares, the days-to-cover ratio is currently 0.1 days.

Kyocera Price Performance

Shares of KYOCY stock traded down $0.20 during mid-day trading on Wednesday, hitting $13.50. The company had a trading volume of 53,655 shares, compared to its average volume of 120,942. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.25 and a quick ratio of 1.93. The stock’s 50 day moving average price is $14.40 and its 200-day moving average price is $17.12. Kyocera has a 52-week low of $11.79 and a 52-week high of $15.63. The company has a market capitalization of $19.38 billion, a P/E ratio of 25.49, a P/E/G ratio of 4.26 and a beta of 0.36.

Kyocera Company Profile

Kyocera Corporation develops, produces, and distributes products based on fine ceramic technologies in Japan, rest of Asia, Europe, the United States, and internationally. It operates through Core Components Business, Electronic Components Business, and Solutions Business segments. The Core Components Business segment offers components, such as fine ceramic components for semiconductor processing equipment, automotive camera modules, and ceramic packages, as well as organic packages and boards to protect electronic components and ICs to industrial machinery, automotive-related, and the information and communication-related markets; optical components, and jewelry and applied ceramic related products; and medical devices comprising prosthetic joints and dental implants.