Short Interest in KONE Oyj (OTCMKTS:KNYJY) Decreases By 32.8%

KONE Oyj (OTCMKTS:KNYJY) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 9,200 shares, a decrease of 32.8% from the February 13th total of 13,700 shares. Based on an average daily trading volume, of 31,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

KONE Oyj Stock Performance

Shares of OTCMKTS KNYJY traded up $0.45 during midday trading on Friday, hitting $29.27. 17,477 shares of the stock traded hands, compared to its average volume of 32,773. KONE Oyj has a one year low of $22.69 and a one year high of $30.12. The firm has a 50-day moving average of $26.50 and a two-hundred day moving average of $26.69. The firm has a market capitalization of $26.53 billion, a P/E ratio of 29.57, a PEG ratio of 2.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.13.

KONE Oyj (OTCMKTS:KNYJY) last announced its earnings results on Thursday, January 30th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. On average, equities analysts forecast that KONE Oyj will post 1.06 EPS for the current fiscal year.

KONE Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.9388 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio is presently 39.39%.

Wall Street Analyst Weigh In

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

KONE Oyj Company Profile

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.