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

KONE Oyj (OTCMKTS:KNYJY) was the target of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 14,100 shares, a drop of 19.9% from the November 15th total of 17,600 shares. Based on an average daily trading volume, of 66,700 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

KONE Oyj Stock Performance

Shares of KNYJY traded down $0.33 during mid-day trading on Friday, reaching $25.25. The company’s stock had a trading volume of 34,363 shares, compared to its average volume of 31,990. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. KONE Oyj has a 12-month low of $22.40 and a 12-month high of $30.12. The company’s 50 day moving average is $26.85 and its 200 day moving average is $26.39.

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

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.