KONE Oyj (OTCMKTS:KNYJY) Short Interest Up 214.1% in March

KONE Oyj (OTCMKTS:KNYJY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 28,900 shares, a growth of 214.1% from the February 28th total of 9,200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 45,900 shares, the short-interest ratio is presently 0.6 days.

KONE Oyj Trading Down 1.8 %

Shares of OTCMKTS KNYJY traded down $0.50 during mid-day trading on Thursday, reaching $28.07. 30,167 shares of the company’s stock were exchanged, compared to its average volume of 30,757. The company’s 50-day moving average is $27.40 and its 200-day moving average is $26.83. 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 market capitalization of $25.44 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.70 and a beta of 0.67. KONE Oyj has a 52-week low of $22.69 and a 52-week high of $30.12.

KONE Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. 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 will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $0.9388 per share. This is a boost from KONE Oyj’s previous dividend of $0.94. The ex-dividend date is Friday, March 7th. KONE Oyj’s dividend payout ratio is 41.41%.

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.