KONE Oyj (OTCMKTS:KNYJY) Sees Significant Increase in Short Interest

KONE Oyj (OTCMKTS:KNYJY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 13,700 shares, a growth of 470.8% from the January 31st total of 2,400 shares. Based on an average daily volume of 67,300 shares, the short-interest ratio is presently 0.2 days.

KONE Oyj Trading Down 0.6 %

OTCMKTS KNYJY traded down $0.17 during trading on Friday, hitting $28.09. The stock had a trading volume of 22,483 shares, compared to its average volume of 35,007. The company has a market capitalization of $25.46 billion, a PE ratio of 28.37, a PEG ratio of 2.70 and a beta of 0.69. KONE Oyj has a twelve month low of $22.69 and a twelve month high of $30.12. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $25.62 and a 200 day moving average price of $26.48.

KONE Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. As a group, equities research analysts forecast that KONE Oyj will post 1.06 earnings per share for the current year.

KONE Oyj Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.9388 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio is currently 39.39%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut 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.