Konica Minolta, Inc. (OTCMKTS:KNCAY) Sees Large Growth in Short Interest

Konica Minolta, Inc. (OTCMKTS:KNCAYGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 10,400 shares, a growth of 65.1% from the April 15th total of 6,300 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 3.3 days.

OTCMKTS KNCAY traded up $0.04 during trading on Friday, reaching $6.90. 932 shares of the company’s stock were exchanged, compared to its average volume of 2,140. The business has a 50 day moving average price of $7.92 and a 200-day moving average price of $8.48. The stock has a market capitalization of $1.74 billion, a P/E ratio of 57.17 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.61 and a quick ratio of 1.11. Konica Minolta has a fifty-two week low of $6.86 and a fifty-two week high of $11.81.

Separately, Zacks Investment Research downgraded Konica Minolta from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th.

About Konica Minolta (Get Rating)

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as IT and printing solutions and services.

Read More

Receive News & Ratings for Konica Minolta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Konica Minolta and related companies with MarketBeat.com's FREE daily email newsletter.