Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Sees Large Increase in Short Interest

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 33,947 shares, a growth of 2,405.3% from the June 15th total of 1,355 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 174,107 shares, the days-to-cover ratio is currently 0.2 days.

Kone Oyj Price Performance

KNYJY traded up $0.14 during midday trading on Friday, hitting $28.22. The company had a trading volume of 39,279 shares, compared to its average volume of 71,724. Kone Oyj has a twelve month low of $27.48 and a twelve month high of $38.29. The company has a market capitalization of $25.58 billion, a PE ratio of 25.89, a P/E/G ratio of 1.52 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. The firm’s 50-day simple moving average is $29.06 and its 200-day simple moving average is $32.77.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. Equities research analysts predict that Kone Oyj will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KNYJY. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Evercore raised shares of Kone Oyj to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.