KONE Oyj (OTCMKTS:KNYJY) Sees Significant Increase in Short Interest

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 13,700 shares, a growth of 470.8% from the January 31st total of 2,400 shares. Based on an average trading volume of 67,300 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered KONE Oyj from a “hold” rating to a “strong sell” rating in a report on Monday, November 25th.

KONE Oyj Price Performance

KNYJY traded down $0.17 on Friday, reaching $28.09. 22,483 shares of the company’s stock were exchanged, compared to its average volume of 35,007. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89. The stock’s fifty day moving average price is $25.62 and its 200-day moving average price is $26.48. KONE Oyj has a twelve month low of $22.69 and a twelve month high of $30.12. The stock has a market cap of $25.46 billion, a PE ratio of 28.37, a P/E/G ratio of 2.70 and a beta of 0.69.

KONE Oyj (OTCMKTS:KNYJY) last issued its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. Sell-side analysts expect that KONE Oyj will post 1.06 EPS for the current year.

KONE Oyj Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $0.9388 dividend. The ex-dividend date is Friday, March 7th. This is a boost from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio is currently 39.39%.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.