KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) saw 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 trading volume of 66,700 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a research report on Monday, November 25th.

KONE Oyj Trading Down 1.3 %

OTCMKTS KNYJY traded down $0.33 during trading on Friday, hitting $25.25. 34,363 shares of the company’s stock traded hands, compared to its average volume of 31,990. The stock has a fifty day moving average of $26.85 and a two-hundred day moving average of $26.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06. 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 analysts’ consensus estimates of $0.28 by ($0.02). KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. The company had revenue of $3.03 billion during the quarter. As a group, equities analysts anticipate that KONE Oyj will post 0.99 earnings per share for the current fiscal year.

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.