Short Interest in KONE Oyj (OTCMKTS:KNYJY) Declines By 90.7%

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a decline of 90.7% from the March 15th total of 28,900 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is presently 0.1 days.

KONE Oyj Stock Performance

Shares of OTCMKTS:KNYJY traded up $0.06 during mid-day trading on Friday, reaching $29.34. 42,560 shares of the company traded hands, compared to its average volume of 34,095. KONE Oyj has a 52 week low of $22.69 and a 52 week high of $30.12. The firm has a market cap of $26.59 billion, a PE ratio of 29.64, a PEG ratio of 2.70 and a beta of 0.74. The company's 50 day moving average price is $28.23 and its 200-day moving average price is $26.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.25 EPS for the quarter, missing the consensus estimate 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 expect that KONE Oyj will post 1.06 EPS for the current fiscal year.

KONE Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.9388 dividend. This is a positive change from KONE Oyj's previous dividend of $0.94. The ex-dividend date of this dividend was Friday, March 7th. KONE Oyj's payout ratio is presently 41.41%.

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.