Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Down 88.2% in July

Key Points

• Short interest plunged 88.2% in July to 4,122 shares as of July 31, representing approximately 0.0% of Kone Oyj’s outstanding shares and a short-interest ratio of 0.0 days.
• KNYJY opened at $29.38, with a market capitalization of $26.62 billion. Its shares have traded between $26.52 and $38.29 over the past year, while the company’s latest quarterly earnings of $0.27 per share missed estimates by $0.05.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell and an overall “Hold” consensus; Zacks Research downgraded the stock to Strong Sell, while Kepler Capital Markets upgraded it to Buy.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 4,122 shares, a decrease of 88.2% from the July 15th total of 34,862 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 109,539 shares, the short-interest ratio is presently 0.0 days.

Kone Oyj Price Performance

OTCMKTS KNYJY opened at $29.38 on Wednesday. Kone Oyj has a 1 year low of $26.52 and a 1 year high of $38.29. The business's fifty day moving average is $28.45 and its two-hundred day moving average is $31.58. The stock has a market capitalization of $26.62 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.74 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 (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%. On average, research analysts forecast that Kone Oyj will post 1.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KNYJY has been the topic of several research analyst reports. Zacks Research cut Kone Oyj from a "hold" rating to a "strong sell" rating in a research report on Friday, July 24th. Kepler Capital Markets upgraded shares of Kone Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kone Oyj currently has an average rating of "Hold".

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.

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