Konica Minolta, Inc. (OTCMKTS:KNCAY) Sees Large Decline in Short Interest

Konica Minolta, Inc. (OTCMKTS:KNCAY) was the target of a significant decline in short interest during 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 short sold. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 5.0 days.

Konica Minolta Price Performance

Shares of OTCMKTS:KNCAY remained flat at $6.60 during midday trading on Thursday. The stock had a trading volume of 140 shares, compared to its average volume of 493. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -55.00 and a beta of 0.75. Konica Minolta has a twelve month low of $4.87 and a twelve month high of $9.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.06 and a current ratio of 1.54. The company’s 50-day moving average is $7.08 and its 200 day moving average is $7.54.

Konica Minolta (OTCMKTS:KNCAY) last posted its quarterly 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%. Sell-side analysts anticipate that Konica Minolta will post 0.05 earnings per share for the current fiscal year.

Konica Minolta Company Profile

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.