Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Shares Shorted: Short Interest Down 40.2% in October

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 35,474 shares, a drop of 40.2% from the September 30th total of 59,307 shares. Based on an average daily volume of 84,729 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Kone Oyj Stock Up 2.3%

KNYJY stock traded up $0.70 during mid-day trading on Monday, reaching $31.47. 13,810 shares of the company traded hands, compared to its average volume of 57,583. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average price is $29.79 and its 200 day moving average price is $31.20. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.00 and a beta of 0.59. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The company had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Kone Oyj had a return on equity of 41.07% and a net margin of 8.61%. As a group, equities research analysts predict that Kone Oyj will post 1.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kone Oyj Company Profile

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

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