Short Interest in KONE Oyj (OTCMKTS:KNYJY) Grows By 2,300.0%

KONE Oyj (OTCMKTS:KNYJY) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 2,400 shares, an increase of 2,300.0% from the January 15th total of 100 shares. Based on an average daily trading volume, of 76,200 shares, the days-to-cover ratio is presently 0.0 days.

KONE Oyj Price Performance

OTCMKTS KNYJY opened at $27.60 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $25.02 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 2.44 and a beta of 0.69. The company has a 50 day moving average price of $24.95 and a two-hundred day moving average price of $26.26. KONE Oyj has a 12-month low of $22.69 and a 12-month high of $30.12.

KONE Oyj (OTCMKTS:KNYJY) last posted its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 40.15%. As a group, equities analysts predict that KONE Oyj will post 1.06 earnings per share for the current fiscal year.

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 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.