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

KONE Oyj (OTCMKTS:KNYJY) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 23,400 shares, an increase of 80.0% from the May 15th total of 13,000 shares. Based on an average daily volume of 60,600 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

KONE Oyj Trading Up 0.9%

KNYJY opened at $32.52 on Tuesday. KONE Oyj has a one year low of $23.14 and a one year high of $32.83. The company has a market cap of $29.48 billion, a P/E ratio of 32.85, a PEG ratio of 2.70 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.13. The business’s 50-day simple moving average is $30.47 and its 200-day simple moving average is $27.83.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, equities research analysts expect that KONE Oyj will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Kepler Capital Markets downgraded KONE Oyj from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 17th.

KONE Oyj Company Profile

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.