Short Interest in Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Drops By 38.2%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,915 shares, a drop of 38.2% from the April 30th total of 12,810 shares. Based on an average daily volume of 147,284 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Kone Oyj Stock Performance

OTCMKTS:KNYJY opened at $29.37 on Thursday. The company has a fifty day moving average of $31.44 and a 200-day moving average of $33.83. The firm has a market capitalization of $26.62 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.57 and a beta of 0.63. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. Kone Oyj has a twelve month low of $29.08 and a twelve month high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. As a group, sell-side analysts anticipate that Kone Oyj will post 1.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KNYJY shares. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Kone Oyj currently has a consensus rating of “Hold”.

About Kone Oyj

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.