KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 100 shares, a decline of 94.1% from the December 15th total of 1,700 shares. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is currently 0.0 days.

KONE Oyj Stock Down 0.9 %

KNYJY traded down $0.22 during trading hours on Monday, hitting $23.24. 47,370 shares of the company’s stock were exchanged, compared to its average volume of 40,667. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. KONE Oyj has a 12-month low of $22.69 and a 12-month high of $30.12. The firm has a market cap of $24.61 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 3.60 and a beta of 0.69. The firm has a 50 day moving average of $25.32 and a 200 day moving average of $26.27.

KONE Oyj (OTCMKTS:KNYJY) last released its earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The company had revenue of $3.03 billion during the quarter. Analysts predict that KONE Oyj will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.