Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Stock Short Interest Rises 157.2%

Key Points

• Short interest surged 157.2% to 59,307 shares as of September 30, up from 23,059 shares two weeks earlier. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.8 days.
• Analyst sentiment remains mixed but averages a “Hold” rating: one analyst rates Kone a Strong Buy, one Buy, four Hold, and two Sell; Zacks recently upgraded the stock to Hold, while Kepler Capital Markets upgraded it to Buy.
• Kone shares recently traded at $29.80, within a 12-month range of $26.52 to $38.29. The company’s latest quarterly results missed expectations, with EPS of $0.27 versus a $0.32 consensus and revenue of $3.36 billion versus estimates of $3.38 billion.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 59,307 shares, a growth of 157.2% from the September 15th total of 23,059 shares. Based on an average trading volume of 78,709 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of analysts have issued reports on KNYJY shares. Zacks Research raised Kone Oyj from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. Kepler Capital Markets upgraded Kone Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Kone Oyj Stock Performance

Shares of OTCMKTS KNYJY traded up $0.17 during mid-day trading on Monday, hitting $29.80. The company had a trading volume of 1,019 shares, compared to its average volume of 55,807. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The business's 50-day simple moving average is $29.37 and its 200-day simple moving average is $29.77. Kone Oyj has a 12 month low of $26.52 and a 12 month high of $38.29. The firm has a market cap of $27.01 billion, a P/E ratio of 28.11, a PEG ratio of 1.93 and a beta of 0.59.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its quarterly 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). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. As a group, analysts predict that Kone Oyj will post 1.19 earnings per share for the current fiscal year.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.

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