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

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 1,100 shares, a drop of 90.4% from the February 29th total of 11,400 shares. Based on an average trading volume of 44,300 shares, the days-to-cover ratio is presently 0.0 days.

KONE Oyj Stock Up 0.8 %

OTCMKTS:KNYJY traded up $0.20 during midday trading on Wednesday, hitting $23.47. 24,618 shares of the company were exchanged, compared to its average volume of 55,406. The company has a market capitalization of $24.85 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.95 and a beta of 0.72. KONE Oyj has a fifty-two week low of $19.97 and a fifty-two week high of $29.19. The company has a fifty day simple moving average of $24.18 and a 200 day simple moving average of $22.98. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Friday, January 26th. The company reported $0.29 earnings per share (EPS) for the quarter. KONE Oyj had a net margin of 8.45% and a return on equity of 38.33%. The company had revenue of $3.03 billion during the quarter. As a group, equities analysts anticipate that KONE Oyj will post 1.13 earnings per share for the current fiscal year.

KONE Oyj Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 4th were given a $0.9374 dividend. This is an increase from KONE Oyj’s previous dividend of $0.57. The ex-dividend date was Friday, March 1st. KONE Oyj’s dividend payout ratio (DPR) is presently 58.76%.

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.