Short Interest in KONE Oyj (OTCMKTS:KNYJY) Grows By 77.3%

KONE Oyj (OTCMKTS:KNYJY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 7,800 shares, a growth of 77.3% from the March 31st total of 4,400 shares. Based on an average daily volume of 44,900 shares, the short-interest ratio is currently 0.2 days.

KONE Oyj Trading Up 2.6 %

KONE Oyj stock opened at $24.24 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 1.13. The business’s 50-day simple moving average is $23.69 and its 200-day simple moving average is $23.33. The firm has a market capitalization of $25.67 billion, a PE ratio of 24.48, a PEG ratio of 2.24 and a beta of 0.72. KONE Oyj has a 52 week low of $19.97 and a 52 week high of $29.19.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.29 EPS for the quarter. KONE Oyj had a return on equity of 37.44% and a net margin of 8.62%. The business had revenue of $3.03 billion for the quarter. Equities research analysts forecast that KONE Oyj will post 1.11 earnings per share for the current year.

KONE Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 4th were paid a dividend of $0.9374 per share. This is a positive change from KONE Oyj’s previous dividend of $0.57. The ex-dividend date was Friday, March 1st. KONE Oyj’s payout ratio is currently 57.58%.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.