Konica Minolta, Inc. (OTCMKTS:KNCAY) Sees Large Decline in Short Interest

Konica Minolta, Inc. (OTCMKTS:KNCAY) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 500 shares, a decline of 16.7% from the February 28th total of 600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 5.0 days. Currently, 0.0% of the shares of the company are short sold.

Konica Minolta Price Performance

Shares of KNCAY stock remained flat at $6.60 during mid-day trading on Thursday. 140 shares of the stock traded hands, compared to its average volume of 493. Konica Minolta has a one year low of $4.87 and a one year high of $9.30. The company has a current ratio of 1.54, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $7.08 and a 200-day simple moving average of $7.54. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -55.00 and a beta of 0.75.

Konica Minolta (OTCMKTS:KNCAY) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter. Konica Minolta had a negative net margin of 0.40% and a negative return on equity of 0.84%. On average, analysts expect that Konica Minolta will post 0.05 EPS for the current year.

About Konica Minolta

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.