Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Stock Short Interest Rises 157.2%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 59,307 shares, an increase of 157.2% from the September 15th total of 23,059 shares. Based on an average daily volume of 78,709 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Kone Oyj Price Performance

OTCMKTS:KNYJY opened at $29.99 on Tuesday. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 1.93 and a beta of 0.59. The company has a 50-day moving average of $29.39 and a 200-day moving average of $29.76. Kone Oyj has a 52 week low of $26.52 and a 52 week high of $38.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.99.

Kone Oyj (OTCMKTS:KNYJY) last issued its earnings results 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). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. As a group, equities research analysts anticipate that Kone Oyj will post 1.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KNYJY shares. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research raised Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.