Konica Minolta Inc. (OTCMKTS:KNCAY) Sees Significant Increase in Short Interest

Konica Minolta Inc. (OTCMKTS:KNCAY) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 39 shares, a growth of 225.0% from the September 30th total of 12 shares. Based on an average daily trading volume, of 581 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Konica Minolta Price Performance

KNCAY stock opened at $8.39 on Thursday. The business’s 50-day moving average price is $8.13 and its 200-day moving average price is $7.58. The stock has a market cap of $2.07 billion, a P/E ratio of 29.96 and a beta of 0.66. The company has a quick ratio of 1.22, a current ratio of 1.81 and a debt-to-equity ratio of 0.38. Konica Minolta has a twelve month low of $6.03 and a twelve month high of $9.14.

Konica Minolta (OTCMKTS:KNCAY) last released its earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $1.62 billion during the quarter. On average, equities research analysts forecast that Konica Minolta will post 0.71 EPS for the current year.

About Konica Minolta

Konica Minolta, Inc is a Japan-based technology company that provides business, industrial, and healthcare solutions. Its offerings include multifunctional office printers, document management and workflow software, managed print services, and related digital workplace solutions designed to help organizations manage information and improve operational efficiency.

The company also serves the commercial and industrial printing markets with production and labeling presses, industrial inkjet systems, and software.