KONE Oyj (OTCMKTS:KNYJY) Short Interest Down 16.1% in May

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 13,000 shares, a decrease of 16.1% from the April 30th total of 15,500 shares. Based on an average daily volume of 45,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are sold short.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets cut shares of KONE Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 17th.

KONE Oyj Stock Down 0.3%

OTCMKTS:KNYJY traded down $0.08 during midday trading on Friday, reaching $31.52. 13,907 shares of the stock traded hands, compared to its average volume of 31,590. KONE Oyj has a 12-month low of $23.14 and a 12-month high of $32.35. The business has a 50-day moving average of $29.80 and a two-hundred day moving average of $27.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.13. The stock has a market capitalization of $28.57 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 2.70 and a beta of 0.69.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. The company had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.76 billion. On average, equities analysts forecast that KONE Oyj will post 1.06 earnings per share for the current fiscal year.

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.