KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 9,200 shares, a decline of 32.8% from the February 13th total of 13,700 shares. Based on an average daily trading volume, of 31,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

KONE Oyj Stock Performance

Shares of OTCMKTS KNYJY traded up $0.45 during midday trading on Friday, hitting $29.27. 17,477 shares of the company’s stock traded hands, compared to its average volume of 32,773. KONE Oyj has a 1 year low of $22.69 and a 1 year high of $30.12. The stock has a market capitalization of $26.53 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.13. The firm has a fifty day moving average of $26.60 and a 200 day moving average of $26.71.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts forecast that KONE Oyj will post 1.06 earnings per share for the current year.

KONE Oyj Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid 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 (DPR) 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.