Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Up 2,405.3% in June

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 33,947 shares, a growth of 2,405.3% from the June 15th total of 1,355 shares. Based on an average trading volume of 174,107 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kone Oyj Price Performance

KNYJY traded up $0.14 during trading on Friday, reaching $28.22. 39,279 shares of the company traded hands, compared to its average volume of 71,724. The company has a market cap of $25.58 billion, a P/E ratio of 25.89, a PEG ratio of 1.51 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. Kone Oyj has a 12-month low of $27.48 and a 12-month high of $38.29. The firm has a fifty day simple moving average of $29.06 and a 200 day simple moving average of $32.77.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. On average, equities analysts forecast that Kone Oyj will post 1.27 EPS for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.