Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Sees Significant Decrease in Short Interest

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,122 shares, a decline of 88.2% from the July 15th total of 34,862 shares. Based on an average trading volume of 109,539 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

KNYJY has been the subject of a number of recent analyst reports. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research lowered Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kone Oyj presently has a consensus rating of “Hold”.

Kone Oyj Trading Down 0.6%

Shares of OTCMKTS KNYJY opened at $29.38 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. Kone Oyj has a one year low of $26.52 and a one year high of $38.29. The business has a 50-day moving average price of $28.45 and a two-hundred day moving average price of $31.58. The firm has a market capitalization of $26.62 billion, a PE ratio of 27.71, a PEG ratio of 1.74 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%.The company had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.38 billion. As a group, analysts predict that Kone Oyj will post 1.2 earnings per share for the current fiscal year.

Kone Oyj Company Profile

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.