Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Up 45.9% in December

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 37,734 shares, a growth of 45.9% from the November 30th total of 25,869 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 38,889 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 38,889 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KNYJY shares. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

Shares of OTCMKTS KNYJY traded down $0.25 during trading on Monday, hitting $35.35. The company had a trading volume of 610 shares, compared to its average volume of 32,734. Kone Oyj has a 12 month low of $23.14 and a 12 month high of $35.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market capitalization of $32.04 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.65. The stock has a 50 day simple moving average of $34.07 and a 200 day simple moving average of $32.87.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.23 billion for the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. As a group, analysts anticipate that Kone Oyj will post 1.06 earnings per share for the current year.

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.