Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Update

Key Points

• Short interest surged 152.9% to 10,426 shares as of August 14, up from 4,122 shares on July 30. Despite the increase, short interest represents approximately 0.0% of shares outstanding, with a short-interest ratio of 0.3 days.
• Analyst sentiment remains mixed: Zacks Research downgraded Kone to “strong sell,” while Kepler Capital Markets upgraded it to “buy.” Overall, analysts assign the stock an average rating of “Hold.”
• Kone shares opened at $30.78, with a market capitalization of $27.9 billion. In its latest quarter, the company reported EPS of $0.27, below the $0.32 consensus estimate, and revenue of $3.36 billion versus expectations of $3.38 billion.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 10,426 shares, an increase of 152.9% from the July 30th total of 4,122 shares. Based on an average daily trading volume, of 37,284 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company's stock are sold short.

Analyst Upgrades and Downgrades

KNYJY has been the subject of several research reports. Zacks Research lowered shares of Kone Oyj from a "hold" rating to a "strong sell" rating in a research note on Friday, July 24th. Kepler Capital Markets raised shares of Kone Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold".

Kone Oyj Stock Up 0.1%

KNYJY stock opened at $30.78 on Friday. The business has a 50 day moving average of $28.70 and a 200 day moving average of $31.00. The firm has a market cap of $27.90 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. Kone Oyj has a twelve month low of $26.52 and a twelve month high of $38.29. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%.The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. On average, research analysts forecast that Kone Oyj will post 1.2 EPS 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.

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