Konica Minolta Inc. (OTCMKTS:KNCAY) Stock Short Interest Jumps 225.0%

Konica Minolta Inc. (OTCMKTS:KNCAY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 39 shares, a growth of 225.0% from the September 30th total of 12 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 581 shares, the days-to-cover ratio is presently 0.1 days.

Konica Minolta Stock Performance

OTCMKTS KNCAY opened at $8.39 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 0.38. The stock’s 50-day moving average is $8.14 and its 200-day moving average is $7.57. Konica Minolta has a one year low of $6.03 and a one year high of $9.14.

Konica Minolta (OTCMKTS:KNCAY) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.62 billion for the quarter. On average, equities research analysts anticipate that Konica Minolta will post 0.71 earnings per share for the current fiscal year.

Konica Minolta Company Profile

Konica Minolta, Inc is a Japan-based technology company that provides business, industrial, and healthcare solutions. Its offerings include multifunctional office printers, document management and workflow software, managed print services, and related digital workplace solutions designed to help organizations manage information and improve operational efficiency.

The company also serves the commercial and industrial printing markets with production and labeling presses, industrial inkjet systems, and software.