Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Sees Large Growth in Short Interest

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 37,734 shares, a growth of 45.9% from the November 30th total of 25,869 shares. Based on an average daily volume of 38,889 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 38,889 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Ratings Changes

KNYJY has been the topic of several recent research reports. Barclays restated an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Kone Oyj Trading Down 0.7%

KNYJY traded down $0.25 on Monday, reaching $35.35. 610 shares of the company traded hands, compared to its average volume of 32,734. The company has a market cap of $32.04 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. Kone Oyj has a one year low of $23.14 and a one year high of $35.73. The firm has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $32.87.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.23 billion during the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%. As a group, equities research analysts expect that Kone Oyj will post 1.06 earnings per share for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.