KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

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

KONE Oyj Trading Down 1.3 %

Shares of OTCMKTS:KNYJY traded down $0.33 during trading on Friday, hitting $25.25. 34,363 shares of the stock were exchanged, compared to its average volume of 31,990. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.89. The company has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $26.39. KONE Oyj has a 12-month low of $22.40 and a 12-month high of $30.12.

KONE Oyj (OTCMKTS:KNYJY) last released 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 return on equity of 39.77% and a net margin of 8.98%. The firm had revenue of $3.03 billion for the quarter. On average, research analysts expect that KONE Oyj will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a report 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.