Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Stock Short Interest Report for October

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 35,474 shares, a decrease of 40.2% from the September 30th total of 59,307 shares. Based on an average trading volume of 84,729 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Kone Oyj Stock Up 1.3%

Shares of KNYJY stock traded up $0.38 during trading hours on Friday, hitting $30.77. 23,479 shares of the company’s stock traded hands, compared to its average volume of 73,297. 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 has a 12-month low of $26.52 and a 12-month high of $38.29. The stock has a market cap of $27.89 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.01 and a beta of 0.59. The stock’s fifty day simple moving average is $29.79 and its two-hundred day simple moving average is $31.20.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.23 billion. Kone Oyj had a return on equity of 41.07% and a net margin of 8.61%. On average, analysts expect that Kone Oyj will post 1.19 EPS for the current year.

About Kone Oyj

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.