Konica Minolta Inc. (OTCMKTS:KNCAY) Shares Shorted: Short Interest Up 310.3% in October

Konica Minolta Inc. (OTCMKTS:KNCAY) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 160 shares, an increase of 310.3% from the October 15th total of 39 shares. Based on an average daily trading volume, of 116 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the shares of the company are short sold.

Konica Minolta Price Performance

Shares of OTCMKTS KNCAY remained flat at $7.19 during trading hours on Friday. The company had a trading volume of 814 shares, compared to its average volume of 130. The stock has a fifty day moving average price of $8.16 and a two-hundred day moving average price of $7.52. Konica Minolta has a twelve month low of $6.03 and a twelve month high of $9.14. The company has a current ratio of 1.81, a quick ratio of 1.22 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $1.78 billion, a P/E ratio of 25.68 and a beta of 0.72.

About Konica Minolta

Konica Minolta, Inc. is a Japanese technology company that develops and sells office, production-printing, healthcare and industrial products and services. Its offerings include multifunction printers and copiers, commercial printing systems, document and workflow solutions, and related IT services for businesses. The company also serves healthcare customers with diagnostic imaging equipment and services, and industrial customers with products such as optical systems, sensing instruments and functional materials.