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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 35,474 shares, a decline of 40.2% from the September 30th total of 59,307 shares. Based on an average trading volume of 84,729 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Kone Oyj Stock Performance

Kone Oyj stock opened at $31.45 on Tuesday. The firm has a 50 day simple moving average of $29.82 and a 200-day simple moving average of $31.18. The stock has a market cap of $28.51 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 1.98 and a beta of 0.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. Kone Oyj has a 1-year low of $26.52 and a 1-year high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). Kone Oyj had a net margin of 8.61% and a return on equity of 41.07%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.23 billion. On average, analysts expect that Kone Oyj will post 1.19 EPS for the current year.

About Kone Oyj

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

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