Short Interest in Konica Minolta, Inc. (OTCMKTS:KNCAY) Declines By 63.6%

Konica Minolta, Inc. (OTCMKTS:KNCAY - Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 400 shares, a drop of 63.6% from the May 15th total of 1,100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.0% of the shares of the company are sold short.

Konica Minolta Price Performance

KNCAY stock remained flat at $5.96 during midday trading on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -49.62 and a beta of 0.79. Konica Minolta has a twelve month low of $4.87 and a twelve month high of $9.30. The business has a 50 day moving average of $6.08 and a 200-day moving average of $7.13. The company has a quick ratio of 1.06, a current ratio of 1.54 and a debt-to-equity ratio of 0.47.

Konica Minolta Company Profile

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.