Konica Minolta Inc. (OTCMKTS:KNCAY) Short Interest Update

Konica Minolta Inc. (OTCMKTS:KNCAY) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 90 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 278 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Konica Minolta Price Performance

Shares of OTCMKTS:KNCAY remained flat at $6.56 during midday trading on Wednesday. The company had a trading volume of 3 shares, compared to its average volume of 206. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.40. Konica Minolta has a 12 month low of $5.60 and a 12 month high of $9.14. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -131.20 and a beta of 0.64. The business’s 50 day moving average price is $6.57 and its two-hundred day moving average price is $7.66.

About Konica Minolta

Konica Minolta, Inc is a Tokyo‐based multinational technology company specializing in imaging and information management solutions. The company’s core offerings include networked multifunction printers, production printing systems, document management software and IT services aimed at helping organizations streamline workflows and improve productivity. Through its Digital Workplace Business, Konica Minolta provides hardware, software and consulting services designed to optimize document-intensive processes across corporate, legal, healthcare and educational environments.

In addition to office and production print, Konica Minolta has developed a strong presence in the healthcare sector.