Kion Group (OTCMKTS:KIGRY) Short Interest Down 97.7% in January

Kion Group (OTCMKTS:KIGRY) saw a significant 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 daily trading volume, of 329,914 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 329,914 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Kion Group Price Performance

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

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.