Konica Minolta, Inc. (OTCMKTS:KNCAY) Short Interest Down 21.3% in April

Konica Minolta, Inc. (OTCMKTS:KNCAYGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,300 shares, a decline of 21.3% from the March 31st total of 8,000 shares. Based on an average daily volume of 1,700 shares, the days-to-cover ratio is currently 3.7 days.

Separately, Zacks Investment Research cut shares of Konica Minolta from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th.

Shares of KNCAY opened at $7.27 on Thursday. The firm’s 50 day moving average price is $8.06 and its two-hundred day moving average price is $8.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.61. The firm has a market cap of $1.83 billion, a P/E ratio of 58.38 and a beta of 1.01. Konica Minolta has a twelve month low of $6.87 and a twelve month high of $11.81.

About Konica Minolta (Get Rating)

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

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