Konica Minolta Inc. (OTCMKTS:KNCAY) Short Interest Up ∞ in May

Konica Minolta Inc. (OTCMKTS:KNCAY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 90 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 278 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Konica Minolta Price Performance

Shares of KNCAY stock remained flat at $6.56 on Tuesday. The stock had a trading volume of 3 shares, compared to its average volume of 206. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -131.20 and a beta of 0.62. The company’s fifty day simple moving average is $6.57 and its 200-day simple moving average is $7.66. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. Konica Minolta has a fifty-two week low of $5.60 and a fifty-two week high of $9.14.

About Konica Minolta

Konica Minolta, Inc is a Tokyo‐based multinational technology company specializing in imaging and information management solutions. The company’s core offerings include networked multifunction printers, production printing systems, document management software and IT services aimed at helping organizations streamline workflows and improve productivity. Through its Digital Workplace Business, Konica Minolta provides hardware, software and consulting services designed to optimize document-intensive processes across corporate, legal, healthcare and educational environments.

In addition to office and production print, Konica Minolta has developed a strong presence in the healthcare sector.