Short Interest in Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Increases By 152.9%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a significant increase in short interest during the month of 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 days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KNYJY. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research lowered Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Kone Oyj Price Performance

OTCMKTS KNYJY opened at $30.78 on Friday. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.81 and a beta of 0.64. Kone Oyj has a 1-year low of $26.52 and a 1-year high of $38.29. 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 fifty day moving average price is $28.70 and its 200-day moving average price is $31.00.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data 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 the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. On average, equities analysts predict that Kone Oyj will post 1.2 earnings per share for the current year.

About Kone Oyj

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.