Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Stock Short Interest Rises 157.2%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 59,307 shares, an increase of 157.2% from the September 15th total of 23,059 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 78,709 shares, the short-interest ratio is presently 0.8 days.

Kone Oyj Stock Performance

KNYJY traded down $0.28 during trading on Wednesday, hitting $29.81. The stock had a trading volume of 30,382 shares, compared to its average volume of 55,861. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.99. The firm has a market capitalization of $27.02 billion, a P/E ratio of 28.12, a PEG ratio of 1.94 and a beta of 0.59. The company’s 50-day moving average price is $29.40 and its 200 day moving average price is $29.75. Kone Oyj has a twelve month low of $26.52 and a twelve month high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last issued its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. On average, equities research analysts forecast that Kone Oyj will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

KNYJY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.