Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Down 38.2% in May

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,915 shares, a drop of 38.2% from the April 30th total of 12,810 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 147,284 shares, the short-interest ratio is currently 0.1 days.

Kone Oyj Stock Up 0.7%

KNYJY stock opened at $29.47 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Kone Oyj has a 1 year low of $29.08 and a 1 year high of $38.29. The company has a fifty day simple moving average of $31.53 and a 200 day simple moving average of $33.90. The firm has a market cap of $26.71 billion, a PE ratio of 27.04, a PEG ratio of 1.56 and a beta of 0.63.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.66 billion. Sell-side analysts anticipate that Kone Oyj will post 1.29 EPS for the current fiscal year.

Analyst Ratings Changes

KNYJY has been the subject of a number of research reports. BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average 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.