Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Short Interest Up 152.9% in August

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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 37,284 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of brokerages have commented on KNYJY. Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research note 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 issued a Sell rating to the company. According to MarketBeat, Kone Oyj has an average rating of “Hold”.

Kone Oyj Stock Performance

Shares of KNYJY opened at $30.24 on Friday. The company’s fifty day moving average is $28.74 and its 200-day moving average is $30.99. 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 $27.41 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.38 billion. Equities analysts expect that Kone Oyj will post 1.2 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.