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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 25,241 shares, an increase of 142.1% from the August 15th total of 10,426 shares. Based on an average daily volume of 44,400 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

Kone Oyj Price Performance

Shares of Kone Oyj stock traded down $0.11 during mid-day trading on Friday, reaching $28.71. 31,956 shares of the stock were exchanged, compared to its average volume of 32,051. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The company has a market cap of $26.02 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.65. The firm has a 50-day simple moving average of $28.98 and a 200 day simple moving average of $30.53. 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 released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 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 analyst estimates of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. On average, sell-side analysts predict that Kone Oyj will post 1.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KNYJY. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research cut Kone Oyj from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that develops, manufactures, sells 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, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.