KONE Oyj (OTCMKTS:KNYJY) Sees Significant Drop in Short Interest

KONE Oyj (OTCMKTS:KNYJYGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 4,900 shares, a decrease of 52.0% from the April 30th total of 10,200 shares. Based on an average daily volume of 214,400 shares, the short-interest ratio is presently 0.0 days.

A number of research analysts have recently issued reports on KNYJY shares. Morgan Stanley decreased their target price on KONE Oyj from €56.00 ($59.57) to €54.00 ($57.45) and set an “equal weight” rating on the stock in a research report on Friday, April 29th. UBS Group upgraded KONE Oyj from a “neutral” rating to a “buy” rating in a research report on Thursday, May 19th. Zacks Investment Research lowered KONE Oyj from a “hold” rating to a “sell” rating in a research report on Friday, March 18th. JPMorgan Chase & Co. decreased their target price on KONE Oyj from €73.00 ($77.66) to €70.00 ($74.47) in a research report on Tuesday, March 29th. Finally, Barclays decreased their target price on KONE Oyj from €57.00 ($60.64) to €53.00 ($56.38) in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, KONE Oyj presently has an average rating of “Hold” and an average price target of $54.60.

OTCMKTS KNYJY opened at $25.28 on Friday. The business has a fifty day moving average price of $24.75 and a 200 day moving average price of $29.83. KONE Oyj has a one year low of $22.01 and a one year high of $42.55. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.22. The company has a market cap of $26.19 billion, a P/E ratio of 19.74 and a beta of 0.75.

The business also recently announced a dividend, which was paid on Friday, March 25th. Shareholders of record on Thursday, March 3rd were paid a $0.7306 dividend. This represents a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, March 2nd.

KONE Oyj Company Profile (Get Rating)

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.

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