Konica Minolta, Inc. (OTCMKTS:KNCAY) Sees Significant 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 5.0 days.

Konica Minolta Trading Up 12.1 %

KNCAY opened at $6.60 on Wednesday. Konica Minolta has a one year low of $4.87 and a one year high of $9.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.06. The business has a 50 day simple moving average of $7.12 and a two-hundred day simple moving average of $7.55. The firm has a market capitalization 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 earnings results on Thursday, February 6th. The company reported ($0.07) EPS for the quarter. Konica Minolta had a negative net margin of 0.40% and a negative return on equity of 0.84%. Analysts predict 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.