Short Interest in Konica Minolta, Inc. (OTCMKTS:KNCAY) Increases By 230.0%

Konica Minolta, Inc. (OTCMKTS:KNCAY – Get Rating) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,300 shares, a growth of 230.0% from the April 30th total of 1,000 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 4.1 days.

Konica Minolta Stock Performance

KNCAY remained flat at $6.88 during trading on Thursday. 75 shares of the company’s stock were exchanged, compared to its average volume of 1,265. The stock has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $8.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 0.81. Konica Minolta has a 52-week low of $5.87 and a 52-week high of $8.95.

Konica Minolta (OTCMKTS:KNCAY – Get Rating) last released its quarterly earnings data on Monday, May 15th. The company reported ($3.06) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($3.25). Konica Minolta had a negative return on equity of 18.16% and a negative net margin of 9.37%. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.20 billion. As a group, research analysts predict that Konica Minolta will post 0.59 earnings per share for the current year.

Konica Minolta Company Profile

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Konica Minolta, Inc engages in the development, manufacture, and sale of multi-functional peripherals (MFPs), printers, electronic materials, and equipment for healthcare systems and industries. It operates through the following segments: Office Business, Professional Print Business, Healthcare Business, Industrial Business, and Others.