Short Interest in Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Declines By 41.6%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 4,619 shares, a drop of 41.6% from the May 14th total of 7,915 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 166,030 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kone Oyj Trading Up 0.4%

Shares of Kone Oyj stock traded up $0.11 on Monday, hitting $28.25. 148,772 shares of the company’s stock traded hands, compared to its average volume of 62,074. The firm’s 50-day moving average price is $31.00 and its two-hundred day moving average price is $33.62. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market capitalization of $25.60 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.50 and a beta of 0.64. Kone Oyj has a one year low of $27.49 and a one year high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. On average, research analysts expect that Kone Oyj will post 1.29 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.