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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,426 shares, a growth of 152.9% from the July 30th total of 4,122 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 37,284 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

KNYJY has been the topic of a number of research analyst reports. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Kone Oyj Stock Performance

Shares of KNYJY stock traded down $0.54 on Friday, hitting $30.24. 17,384 shares of the stock were exchanged, compared to its average volume of 24,848. The firm’s 50 day moving average is $28.74 and its two-hundred day moving average is $30.99. Kone Oyj has a one year low of $26.52 and a one year high of $38.29. The firm has a market capitalization of $27.41 billion, a PE ratio of 28.53, a P/E/G ratio of 1.81 and a beta of 0.64. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. Sell-side analysts expect that Kone Oyj will post 1.2 earnings per share for the current fiscal year.

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.