Short Interest in Kion Group (OTCMKTS:KIGRY) Declines By 97.7%

Kion Group (OTCMKTS:KIGRY) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 41 shares, a decrease of 97.7% from the January 15th total of 1,810 shares. Based on an average trading volume of 329,914 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 329,914 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

KIGRY has been the subject of a number of analyst reports. Jefferies Financial Group lowered Kion Group to an “underperform” rating in a research report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a report on Monday, December 8th. DZ Bank downgraded Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Kion Group presently has an average rating of “Hold”.

Kion Group Stock Performance

Shares of KIGRY stock traded up $0.51 during trading hours on Tuesday, hitting $19.10. The company’s stock had a trading volume of 7,517 shares, compared to its average volume of 91,151. The stock has a market cap of $10.02 billion, a PE ratio of 32.94 and a beta of 2.18. Kion Group has a 12-month low of $7.66 and a 12-month high of $20.54. The company has a 50 day moving average of $19.06 and a 200 day moving average of $17.61. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

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.