KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 14,100 shares, a drop of 19.9% from the November 15th total of 17,600 shares. Based on an average trading volume of 66,700 shares, the short-interest ratio is currently 0.2 days.

KONE Oyj Stock Performance

Shares of KNYJY traded up $0.06 during trading hours on Monday, reaching $25.31. 46,409 shares of the company traded hands, compared to its average volume of 32,049. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06. The stock’s fifty day moving average is $26.85 and its 200 day moving average is $26.40. KONE Oyj has a 1-year low of $22.69 and a 1-year high of $30.12. The stock has a market cap of $26.80 billion, a P/E ratio of 24.51, a price-to-earnings-growth ratio of 3.66 and a beta of 0.68.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The firm had revenue of $3.03 billion for the quarter. Equities research analysts anticipate that KONE Oyj will post 0.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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.