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

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a significant 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 daily trading volume, of 84,700 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

KONE Oyj Stock Up 0.7 %

Shares of KNYJY traded up $0.17 during midday trading on Wednesday, reaching $23.63. 24,570 shares of the company were exchanged, compared to its average volume of 42,974. KONE Oyj has a 1-year low of $22.69 and a 1-year high of $30.12. The stock has a 50-day moving average price of $25.23 and a 200-day moving average price of $26.26. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 3.60 and a beta of 0.69.

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

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.