Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Sees Significant Decline in Short Interest

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 4,122 shares, a decrease of 88.2% from the July 15th total of 34,862 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 109,539 shares, the days-to-cover ratio is currently 0.0 days.

Kone Oyj Trading Down 0.4%

Kone Oyj stock traded down $0.11 during mid-day trading on Thursday, hitting $28.85. The company’s stock had a trading volume of 20,864 shares, compared to its average volume of 60,594. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.73 and a beta of 0.64. The business has a 50 day moving average price of $28.44 and a 200-day moving average price of $31.53. Kone Oyj has a 12 month low of $26.52 and a 12 month high of $38.29.

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Kone Oyj (OTCMKTS:KNYJY – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 35.88%. As a group, analysts forecast that Kone Oyj will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KNYJY shares. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Kone Oyj currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Kone Oyj

Kone Oyj Company Profile

(Get Free Report)

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.

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