Short Interest in KONE Oyj (OTCMKTS:KNYJY) Drops By 94.1%

KONE Oyj (OTCMKTS:KNYJY) was the recipient of a large 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 daily trading volume, of 84,700 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

KONE Oyj Trading Up 0.9 %

OTCMKTS KNYJY opened at $25.45 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. KONE Oyj has a 1-year low of $22.69 and a 1-year high of $30.12. The firm’s fifty day simple moving average is $24.88 and its 200-day simple moving average is $26.20. The company has a market capitalization of $23.07 billion, a PE ratio of 23.99, a price-to-earnings-growth ratio of 3.32 and a beta of 0.69.

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.