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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 4,122 shares, a drop of 88.2% from the July 15th total of 34,862 shares. Based on an average daily volume of 109,539 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Kone Oyj Trading Up 0.2%

Shares of Kone Oyj stock traded up $0.05 on Friday, hitting $28.90. 15,625 shares of the company traded hands, compared to its average volume of 60,290. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.19 billion, a PE ratio of 27.26, a PEG ratio of 1.71 and a beta of 0.64. The stock’s 50 day moving average price is $28.43 and its 200-day moving average price is $31.47. Kone Oyj has a 52 week low of $26.52 and a 52 week high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) 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 the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%. Equities research analysts predict that Kone Oyj will post 1.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KNYJY shares. Zacks Research downgraded Kone Oyj from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Kone Oyj 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.