Konica Minolta Inc. (OTCMKTS:KNCAY) Sees Significant Increase in Short Interest

Konica Minolta Inc. (OTCMKTS:KNCAY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 39 shares, a growth of 225.0% from the September 30th total of 12 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 581 shares, the days-to-cover ratio is presently 0.1 days.

Konica Minolta Stock Performance

KNCAY stock opened at $8.39 on Thursday. The company has a market cap of $2.07 billion, a P/E ratio of 29.96 and a beta of 0.66. Konica Minolta has a 1 year low of $6.03 and a 1 year high of $9.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.81 and a quick ratio of 1.22. The stock’s fifty day moving average price is $8.13 and its 200-day moving average price is $7.58.

Konica Minolta (OTCMKTS:KNCAY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.13 EPS for the quarter. The firm had revenue of $1.62 billion during the quarter. On average, equities analysts forecast that Konica Minolta will post 0.71 earnings per share for the current year.

Konica Minolta Company Profile

Konica Minolta, Inc is a Japan-based technology company that provides business, industrial, and healthcare solutions. Its offerings include multifunctional office printers, document management and workflow software, managed print services, and related digital workplace solutions designed to help organizations manage information and improve operational efficiency.

The company also serves the commercial and industrial printing markets with production and labeling presses, industrial inkjet systems, and software.