KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 14,100 shares, a decline of 19.9% from the November 15th total of 17,600 shares. Based on an average daily trading volume, of 66,700 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Royal Bank of Canada downgraded KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

KONE Oyj Stock Performance

KNYJY stock traded down $0.33 during midday trading on Friday, reaching $25.25. 34,363 shares of the company’s stock traded hands, compared to its average volume of 31,990. The company has a 50-day moving average price of $26.85 and a two-hundred day moving average price of $26.40. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. KONE Oyj has a 52 week low of $22.40 and a 52 week high of $30.12.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $3.03 billion during the quarter. KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. Sell-side analysts forecast that KONE Oyj will post 0.99 earnings per share for the current year.

KONE Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.