KONE Oyj (OTCMKTS:KNYJY) Short Interest Down 87.9% in December

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 1,700 shares, a decline of 87.9% from the November 30th total of 14,100 shares. Based on an average daily volume of 54,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

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

KONE Oyj Stock Performance

KONE Oyj stock traded up $0.06 during mid-day trading on Thursday, hitting $24.42. The company’s stock had a trading volume of 31,305 shares, compared to its average volume of 32,395. KONE Oyj has a 52-week low of $22.69 and a 52-week high of $30.12. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $26.26 and its 200 day moving average is $26.33.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The company 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%. Analysts anticipate that KONE Oyj will post 0.99 EPS 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.