Short Interest in KONE Oyj (OTCMKTS:KNYJY) Declines By 32.8%

KONE Oyj (OTCMKTS:KNYJY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 9,200 shares, a decrease of 32.8% from the February 13th total of 13,700 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 31,600 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

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

KONE Oyj Stock Up 0.5 %

KNYJY stock traded up $0.14 during trading on Monday, reaching $29.41. The stock had a trading volume of 12,431 shares, compared to its average volume of 32,414. KONE Oyj has a one year low of $22.69 and a one year high of $30.12. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $26.69 and its two-hundred day moving average is $26.74. The company has a market capitalization of $26.66 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 2.70 and a beta of 0.67.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. Equities research analysts forecast that KONE Oyj will post 1.06 EPS 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 dividend of $0.9388 per share. This is an increase from KONE Oyj’s previous dividend of $0.94. The ex-dividend date of this dividend is Friday, March 7th. KONE Oyj’s dividend payout ratio is currently 39.39%.

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.