Short Interest in Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Drops By 59.9%

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 2,690 shares, a decrease of 59.9% from the June 15th total of 6,711 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 13,424 shares, the days-to-cover ratio is currently 0.2 days.

Kuehne & Nagel International Stock Up 1.0%

Shares of KHNGY traded up $0.53 during midday trading on Wednesday, hitting $52.38. The stock had a trading volume of 1,941 shares, compared to its average volume of 10,138. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $46.13. The firm has a market cap of $31.62 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 4.02 and a beta of 0.75. Kuehne & Nagel International has a twelve month low of $36.76 and a twelve month high of $52.38.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings data on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Kuehne & Nagel International had a return on equity of 38.37% and a net margin of 3.52%.The company had revenue of $7.15 billion for the quarter, compared to analysts’ expectations of $7.58 billion. On average, analysts anticipate that Kuehne & Nagel International will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on KHNGY. Zacks Research cut shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kuehne & Nagel International in a research note on Friday, May 22nd. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Finally, Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Kuehne & Nagel International has an average rating of “Hold”.

Kuehne & Nagel International Company Profile

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.