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

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KNYJY. Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kone Oyj Stock Up 1.5%

KNYJY opened at $28.66 on Wednesday. Kone Oyj has a one year low of $27.49 and a one year high of $38.29. 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 stock’s fifty day moving average is $30.87 and its 200-day moving average is $33.54. The company has a market capitalization of $25.98 billion, a PE ratio of 26.29, a P/E/G ratio of 1.51 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last posted 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 firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.66 billion. On average, equities analysts predict 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.