KONE Oyj (OTCMKTS:KNYJY) Sees Large Growth in Short Interest

KONE Oyj (OTCMKTS:KNYJY) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 49,600 shares, an increase of 1,737.0% from the March 31st total of 2,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 100,500 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets downgraded shares of KONE Oyj from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 17th.

KONE Oyj Stock Performance

Shares of OTCMKTS KNYJY opened at $28.88 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.70 and a beta of 0.74. The stock’s fifty day moving average price is $28.44 and its two-hundred day moving average price is $26.76. KONE Oyj has a one year low of $23.14 and a one year high of $30.19.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. On average, equities analysts forecast that KONE Oyj will post 1.06 EPS for the current year.

KONE Oyj Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $0.9388 per share. The ex-dividend date was Friday, March 7th. This is a boost from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio (DPR) is currently 41.41%.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.