KONE Oyj (OTCMKTS:KNYJY) Sees Large Growth in Short Interest

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 7,800 shares, an increase of 77.3% from the March 31st total of 4,400 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is presently 0.2 days.

KONE Oyj Price Performance

Shares of KONE Oyj stock opened at $24.24 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. KONE Oyj has a twelve month low of $19.97 and a twelve month high of $29.19. The business has a 50-day moving average price of $23.71 and a 200 day moving average price of $23.27. The firm has a market cap of $25.67 billion, a PE ratio of 24.48, a P/E/G ratio of 2.21 and a beta of 0.72.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.29 EPS for the quarter. The company had revenue of $3.03 billion during the quarter. KONE Oyj had a return on equity of 37.44% and a net margin of 8.62%. Sell-side analysts predict that KONE Oyj will post 1.11 earnings per share for the current fiscal year.

KONE Oyj Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 4th were issued a $0.9374 dividend. The ex-dividend date was Friday, March 1st. This is a boost from KONE Oyj’s previous dividend of $0.57. KONE Oyj’s dividend payout ratio is currently 57.58%.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company 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 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.