Short Interest in Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Expands By 142.1%

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 25,241 shares, a growth of 142.1% from the August 15th total of 10,426 shares. Based on an average daily trading volume, of 44,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

Kone Oyj Stock Performance

Kone Oyj stock traded up $0.08 during mid-day trading on Monday, reaching $28.79. 7,253 shares of the stock traded hands, compared to its average volume of 57,197. Kone Oyj has a 12-month low of $26.52 and a 12-month high of $38.29. The business’s 50-day moving average is $28.98 and its 200-day moving average is $30.48. 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 stock has a market capitalization of $26.09 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.69 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%.The firm had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.38 billion. As a group, sell-side analysts predict that Kone Oyj will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Kone Oyj has an average rating of “Hold”.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.