Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Down 38.2% in May

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,915 shares, a drop of 38.2% from the April 30th total of 12,810 shares. Based on an average trading volume of 147,284 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several research firms have issued reports on KNYJY. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Kone Oyj presently has a consensus rating of “Hold”.

Kone Oyj Trading Up 0.7%

Kone Oyj stock opened at $29.47 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. The firm has a market cap of $26.71 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.56 and a beta of 0.63. Kone Oyj has a 1 year low of $29.08 and a 1 year high of $38.29. The firm’s 50 day moving average price is $31.53 and its two-hundred day moving average price is $33.90.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. On average, research analysts predict that Kone Oyj will post 1.29 EPS 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.