Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Sees Significant Increase in Short Interest

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totaling 12,810 shares, an increase of 1,057.2% from the April 15th total of 1,107 shares. Based on an average daily volume of 76,121 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Kone Oyj Price Performance

Shares of OTCMKTS:KNYJY opened at $29.27 on Thursday. The company’s fifty day moving average is $32.49 and its two-hundred day moving average is $34.28. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. Kone Oyj has a 12-month low of $29.12 and a 12-month high of $38.29. The company has a market cap of $26.53 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.58 and a beta of 0.66.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. Equities analysts expect that Kone Oyj will post 1.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. Finally, Evercore raised Kone Oyj to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Company Profile

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.