Short Interest in KONE Oyj (OTCMKTS:KNYJY) Increases By 1,737.0%

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 49,600 shares, an increase of 1,737.0% from the March 31st total of 2,700 shares. Based on an average daily trading volume, of 100,500 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

KONE Oyj Stock Performance

KNYJY traded down $0.22 on Friday, hitting $28.88. The company's stock had a trading volume of 15,925 shares, compared to its average volume of 33,416. KONE Oyj has a 12 month low of $23.14 and a 12 month high of $30.19. The firm has a market cap of $26.17 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. 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 company's 50 day simple moving average is $28.44 and its 200-day simple moving average is $26.78.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last announced its quarterly 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%. Analysts forecast that KONE Oyj will post 1.06 EPS for the current year.

KONE Oyj Increases Dividend

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

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered KONE Oyj from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.

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.

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