Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Up 45.9% in December

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 37,734 shares, a growth of 45.9% from the November 30th total of 25,869 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 38,889 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 38,889 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Kone Oyj Trading Down 0.1%

Shares of KNYJY traded down $0.04 on Wednesday, reaching $35.50. 7,438 shares of the company’s stock were exchanged, compared to its average volume of 32,528. Kone Oyj has a 12 month low of $23.14 and a 12 month high of $35.73. The stock has a market capitalization of $32.18 billion, a P/E ratio of 34.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.65. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $34.18 and a two-hundred day moving average price of $32.91.

Kone Oyj (OTCMKTS:KNYJY) last issued its earnings results on Thursday, October 23rd. The company reported $0.25 EPS for the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. The company had revenue of $3.23 billion during the quarter. Research analysts anticipate that Kone Oyj will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kone Oyj Company Profile

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.