KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

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

Wall Street Analyst Weigh In

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

KONE Oyj Stock Performance

Shares of KNYJY stock traded down $0.56 on Thursday, reaching $28.26. The stock had a trading volume of 8,803 shares, compared to its average volume of 35,329. The firm’s 50-day moving average is $25.47 and its two-hundred day moving average is $26.45. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $25.61 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 2.70 and a beta of 0.69. KONE Oyj has a 12 month low of $22.69 and a 12 month high of $30.12.

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

KONE Oyj Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.9388 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s payout ratio is 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.