KONE Oyj (OTCMKTS:KNYJY) Short Interest Down 32.8% in February

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,200 shares, a drop of 32.8% from the February 13th total of 13,700 shares. Based on an average daily volume of 31,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

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

KONE Oyj Trading Down 0.1 %

Shares of KNYJY stock traded down $0.04 on Wednesday, hitting $29.35. 17,584 shares of the stock traded hands, compared to its average volume of 31,804. 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 has a twelve month low of $22.69 and a twelve month high of $30.12. The firm's 50-day moving average price is $26.80 and its two-hundred day moving average price is $26.75. The stock has a market capitalization of $26.60 billion, a PE ratio of 29.64, a PEG ratio of 2.70 and a beta of 0.67.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share 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%. As a group, analysts anticipate that KONE Oyj will post 1.06 EPS for the current year.

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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 given 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 is Friday, March 7th. KONE Oyj's dividend payout ratio is presently 39.39%.

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.