KONE Oyj (OTCMKTS:KNYJY) Short Interest Down 94.1% in January

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 100 shares, a decline of 94.1% from the December 31st total of 1,700 shares. Based on an average trading volume of 84,700 shares, the days-to-cover ratio is presently 0.0 days.

KONE Oyj Stock Performance

KNYJY stock traded up $1.01 on Friday, reaching $26.22. The company's stock had a trading volume of 29,835 shares, compared to its average volume of 39,232. KONE Oyj has a 52 week low of $22.69 and a 52 week high of $30.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.89. The company has a market capitalization of $23.77 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.69. The firm has a fifty day moving average of $24.89 and a two-hundred day moving average of $26.20.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. As a group, analysts predict that KONE Oyj will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.