Konica Minolta, Inc. (OTCMKTS:KNCAY) Sees Large Drop in Short Interest

Konica Minolta, Inc. (OTCMKTS:KNCAY) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 4,500 shares, a decrease of 21.1% from the May 15th total of 5,700 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 5.0 days.

Konica Minolta Trading Down 5.7 %

OTCMKTS KNCAY traded down $0.36 on Monday, reaching $5.88. The company had a trading volume of 400 shares, compared to its average volume of 3,528. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 49.03 and a beta of 0.85. Konica Minolta has a fifty-two week low of $5.45 and a fifty-two week high of $7.42. The business has a 50 day moving average of $6.41 and a two-hundred day moving average of $6.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.34 and a quick ratio of 0.89.

Konica Minolta (OTCMKTS:KNCAY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.24 earnings per share for the quarter. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.01 billion. Konica Minolta had a return on equity of 0.75% and a net margin of 0.34%. Analysts forecast that Konica Minolta will post 0.09 EPS for the current year.

Konica Minolta Company Profile

Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, China, other Asian countries, the United States, Europe, and internationally. It develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as offers IT and printing solutions and services.