Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Update

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 4,619 shares, a decrease of 41.6% from the May 14th total of 7,915 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 166,030 shares, the short-interest ratio is currently 0.0 days.

Kone Oyj Price Performance

KNYJY traded up $0.39 during trading on Tuesday, reaching $28.64. 28,748 shares of the stock were exchanged, compared to its average volume of 61,537. The business’s 50 day moving average price is $30.93 and its two-hundred day moving average price is $33.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market capitalization of $25.96 billion, a price-to-earnings ratio of 26.28, a P/E/G ratio of 1.50 and a beta of 0.64. Kone Oyj has a 1 year low of $27.49 and a 1 year high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $3.12 billion for 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%. As a group, equities research analysts anticipate that Kone Oyj will post 1.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KNYJY. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Kone Oyj has a consensus 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.