KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 100 shares, a drop of 94.1% from the December 15th total of 1,700 shares. Based on an average trading volume of 84,700 shares, the days-to-cover ratio is presently 0.0 days.

KONE Oyj Stock Performance

Shares of KNYJY traded down $0.22 during trading hours on Monday, hitting $23.24. The stock had a trading volume of 47,370 shares, compared to its average volume of 40,667. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 3.60 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06. The firm has a 50-day moving average price of $25.32 and a 200 day moving average price of $26.27. KONE Oyj has a fifty-two week low of $22.69 and a fifty-two week high of $30.12.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The company had revenue of $3.03 billion during the quarter. As a group, research analysts anticipate that KONE Oyj will post 0.99 EPS for the current year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

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.