Kion Group (OTCMKTS:KIGRY) Sees Significant Decrease in Short Interest

Kion Group (OTCMKTS:KIGRY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totaling 1,709 shares, a drop of 74.9% from the November 30th total of 6,808 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 15,810 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 15,810 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Kion Group Stock Up 0.6%

Shares of OTCMKTS KIGRY traded up $0.12 during trading hours on Thursday, hitting $19.77. The stock had a trading volume of 2,908 shares, compared to its average volume of 6,540. The firm’s 50-day moving average price is $17.96 and its two-hundred day moving average price is $16.39. Kion Group has a 52 week low of $7.66 and a 52 week high of $19.77. The company has a market capitalization of $10.38 billion, a P/E ratio of 34.09 and a beta of 2.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Analysts anticipate that Kion Group will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KIGRY has been the subject of several analyst reports. Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. Finally, DZ Bank cut shares of Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Kion Group currently has an average rating of “Moderate Buy”.

Kion Group Company Profile

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.