Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Up 2,405.3% in June

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 33,947 shares, a growth of 2,405.3% from the June 15th total of 1,355 shares. Based on an average daily trading volume, of 174,107 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Kone Oyj Price Performance

Shares of Kone Oyj stock traded up $0.14 on Friday, hitting $28.22. 39,279 shares of the company traded hands, compared to its average volume of 71,724. The stock has a market capitalization of $25.58 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.64. The business has a 50-day simple moving average of $29.06 and a 200 day simple moving average of $32.77. Kone Oyj has a 52 week low of $27.48 and a 52 week high of $38.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. Research analysts expect that Kone Oyj will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KNYJY shares. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average 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.