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

Konica Minolta, Inc. (OTCMKTS:KNCAY) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a decline of 12.5% from the October 31st total of 800 shares. Based on an average trading volume of 5,600 shares, the short-interest ratio is presently 0.1 days.

Konica Minolta Stock Performance

Shares of KNCAY remained flat at $9.19 during midday trading on Monday. The stock has a 50-day moving average price of $7.40 and a 200-day moving average price of $6.29. The company has a market cap of $2.27 billion, a P/E ratio of -229.69 and a beta of 0.72. The company has a current ratio of 1.51, a quick ratio of 1.03 and a debt-to-equity ratio of 0.40. Konica Minolta has a fifty-two week low of $4.87 and a fifty-two week high of $9.30.

About Konica Minolta

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.