Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 698.0%

Kion Group (OTCMKTS:KIGRY) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 14,866 shares, a growth of 698.0% from the June 30th total of 1,863 shares. Based on an average trading volume of 23,576 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Kion Group Stock Up 1.3%

Shares of OTCMKTS:KIGRY traded up $0.15 during trading on Friday, reaching $11.45. 4,245 shares of the stock were exchanged, compared to its average volume of 23,466. Kion Group has a 1-year low of $10.26 and a 1-year high of $20.54. The stock has a fifty day moving average of $11.79 and a two-hundred day moving average of $14.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 14.31 and a beta of 2.05.

About Kion Group

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group’s key brands include Linde Material Handling, STILL and Dematic.