Short Interest in KONE Oyj (OTCMKTS:KNYJY) Declines By 32.8%

KONE Oyj (OTCMKTS:KNYJYGet Free Report) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 9,200 shares, a decrease of 32.8% from the February 13th total of 13,700 shares. Based on an average daily trading volume, of 31,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on KNYJY

KONE Oyj Stock Performance

Shares of KNYJY stock traded up $0.14 during trading on Monday, reaching $29.41. 12,431 shares of the company’s stock traded hands, compared to its average volume of 32,414. The company has a market capitalization of $26.66 billion, a P/E ratio of 29.71, a PEG ratio of 2.70 and a beta of 0.67. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $26.69 and its 200 day moving average is $26.74. KONE Oyj has a 1 year low of $22.69 and a 1 year high of $30.12.

KONE Oyj (OTCMKTS:KNYJYGet Free Report) last posted its 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 38.04% and a net margin of 8.57%. Equities research analysts expect that KONE Oyj will post 1.06 EPS for the current year.

KONE Oyj Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.9388 dividend. The ex-dividend date is Friday, March 7th. This is a boost from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s dividend payout ratio is currently 39.39%.

About KONE Oyj

(Get Free Report)

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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