KONE Oyj (OTCMKTS:KNYJY) Sees Large Growth in Short Interest

KONE Oyj (OTCMKTS:KNYJY) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 13,700 shares, an increase of 470.8% from the January 31st total of 2,400 shares. Based on an average trading volume of 67,300 shares, the days-to-cover ratio is presently 0.2 days.

KONE Oyj Stock Down 0.6 %

OTCMKTS:KNYJY traded down $0.17 during trading hours on Friday, hitting $28.09. 22,483 shares of the company traded hands, compared to its average volume of 35,007. KONE Oyj has a one year low of $22.69 and a one year high of $30.12. The company has a market cap of $25.46 billion, a PE ratio of 28.37, a PEG ratio of 2.70 and a beta of 0.69. The firm’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $26.46. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24.

KONE Oyj (OTCMKTS:KNYJY) last posted its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. Equities analysts predict that KONE Oyj will post 1.06 earnings per share for the current year.

KONE Oyj Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.9388 dividend. This is a boost from KONE Oyj’s previous dividend of $0.94. The ex-dividend date is Friday, March 7th. KONE Oyj’s dividend payout ratio (DPR) is currently 39.39%.

Analysts Set New Price Targets

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

About KONE Oyj

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.