Short Interest in Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Drops By 41.6%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,619 shares, a decline of 41.6% from the May 14th total of 7,915 shares. Based on an average trading volume of 166,030 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Kone Oyj Stock Up 0.4%

Shares of KNYJY stock traded up $0.11 on Monday, hitting $28.25. 148,772 shares of the stock were exchanged, compared to its average volume of 62,074. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $25.60 billion, a P/E ratio of 25.92, a price-to-earnings-growth ratio of 1.50 and a beta of 0.64. Kone Oyj has a fifty-two week low of $27.49 and a fifty-two week high of $38.29. The business has a 50-day moving average of $31.00 and a 200 day moving average of $33.62.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. Equities analysts anticipate that Kone Oyj will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KNYJY shares. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Kone Oyj presently has a consensus rating of “Hold”.

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.