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Konica Minolta Inc. (OTCMKTS:KNCAY) Short Interest Update

Konica Minolta logo with Computer and Technology background

Key Points

  • Short interest in Konica Minolta Inc. increased by 500.0% in July, rising from 300 shares to 1,800 shares, indicating significant bearish sentiment among investors.
  • Despite this increase in short interest, Konica Minolta reported earnings of $0.12 per share for the quarter, surpassing analysts’ expectations of $0.08.
  • The company's stock opened at $6.52 and has a market capitalization of $1.61 billion, with a debt-to-equity ratio of 0.45.
  • MarketBeat previews top five stocks to own in September.

Konica Minolta Inc. (OTCMKTS:KNCAY - Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,800 shares, agrowthof500.0% from the June 30th total of 300 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 6.0 days. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 6.0 days.

Konica Minolta Price Performance

Shares of KNCAY remained flat at $6.52 during mid-day trading on Monday. The company has a current ratio of 1.63, a quick ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.61 billion, a PE ratio of -54.33 and a beta of 0.91. Konica Minolta has a 12 month low of $4.87 and a 12 month high of $9.30. The stock has a 50-day simple moving average of $6.27 and a 200 day simple moving average of $6.54.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. Konica Minolta had a negative net margin of 0.40% and a negative return on equity of 0.84%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $253.67 billion. On average, research analysts anticipate that Konica Minolta will post 0.05 EPS for the current fiscal year.

About Konica Minolta

(Get Free Report)

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.

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