Kion Group (OTCMKTS:KIGRY) Short Interest Down 84.8% in June

Kion Group (OTCMKTS:KIGRY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,863 shares, a decrease of 84.8% from the June 15th total of 12,273 shares. Based on an average daily trading volume, of 72,619 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

KIGRY has been the subject of several recent research reports. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley raised Kion Group to an “overweight” rating in a research note on Tuesday. Finally, Oddo Bhf raised shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Kion Group Price Performance

Shares of OTCMKTS KIGRY traded up $0.08 during midday trading on Friday, hitting $11.67. The stock had a trading volume of 4,539 shares, compared to its average volume of 22,684. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $14.90. The company has a market capitalization of $6.12 billion, a PE ratio of 14.59 and a beta of 2.05. Kion Group has a 1 year low of $10.26 and a 1 year high of $20.54.

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.