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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 23,400 shares, a growth of 80.0% from the May 15th total of 13,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 60,600 shares, the days-to-cover ratio is presently 0.4 days.

Kone Oyj Stock Performance

Shares of OTCMKTS KNYJY traded up $0.14 during midday trading on Wednesday, reaching $32.16. 11,419 shares of the company traded hands, compared to its average volume of 30,557. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 2.43 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.97. The stock has a 50-day moving average price of $30.57 and a 200 day moving average price of $27.86. Kone Oyj has a 52 week low of $23.14 and a 52 week high of $32.83.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Kone Oyj had a net margin of 8.58% and a return on equity of 36.24%. The business had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.76 billion. Sell-side analysts anticipate that Kone Oyj will post 1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets lowered Kone Oyj from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.

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.