Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Update

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 12,810 shares, an increase of 1,057.2% from the April 15th total of 1,107 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 76,121 shares, the days-to-cover ratio is currently 0.2 days.

Kone Oyj Stock Down 1.3%

Shares of OTCMKTS:KNYJY traded down $0.38 during midday trading on Wednesday, hitting $29.26. The stock had a trading volume of 113,871 shares, compared to its average volume of 55,784. The company has a market cap of $26.52 billion, a P/E ratio of 26.84, a PEG ratio of 1.59 and a beta of 0.66. Kone Oyj has a 12 month low of $29.12 and a 12 month high of $38.29. The business’s 50-day simple moving average is $32.65 and its 200-day simple moving average is $34.32. 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 (OTCMKTS:KNYJY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.66 billion. On average, sell-side analysts forecast that Kone Oyj will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Evercore raised shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. Finally, Citigroup cut shares of Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. One research 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 stock. According to MarketBeat, Kone Oyj presently has an average 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.