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

KONE Oyj (OTCMKTS:KNYJY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 59,000 shares, an increase of 115.3% from the June 30th total of 27,400 shares. Based on an average daily volume of 65,500 shares, the short-interest ratio is presently 0.9 days.

KONE Oyj Stock Performance

Shares of OTCMKTS KNYJY traded up $0.38 during mid-day trading on Friday, hitting $25.08. 17,356 shares of the company were exchanged, compared to its average volume of 25,527. The stock has a 50 day simple moving average of $25.42 and a 200-day simple moving average of $24.68. KONE Oyj has a 1-year low of $19.97 and a 1-year high of $27.80. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.22. The firm has a market cap of $26.55 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.62 and a beta of 0.68.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Friday, July 19th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $3.02 billion for the quarter. KONE Oyj had a net margin of 8.97% and a return on equity of 39.49%. On average, sell-side analysts forecast that KONE Oyj will post 1.12 EPS for the current fiscal 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.