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

Konica Minolta, Inc. (OTCMKTS:KNCAY - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a drop of 20.0% from the March 15th total of 500 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4.0 days.

Konica Minolta Stock Performance

Konica Minolta stock remained flat at $6.01 during trading on Thursday. The company had a trading volume of 10 shares, compared to its average volume of 930. The stock has a fifty day moving average price of $6.39 and a two-hundred day moving average price of $7.53. Konica Minolta has a 52-week low of $4.87 and a 52-week high of $9.30. The stock has a market capitalization of $1.49 billion, a PE ratio of -50.08 and a beta of 0.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.54 and a quick ratio of 1.06.

Konica Minolta (OTCMKTS:KNCAY - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported ($0.07) earnings per share for the quarter. Konica Minolta had a negative return on equity of 0.84% and a negative net margin of 0.40%. On average, research analysts anticipate that Konica Minolta will post 0.05 EPS for the current fiscal year.

About Konica Minolta

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.