Short Interest in Kion Group (OTCMKTS:KIGRY) Increases By 38.4%

Kion Group (OTCMKTS:KIGRY) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 2,873 shares, a growth of 38.4% from the February 12th total of 2,076 shares. Based on an average trading volume of 17,588 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 17,588 shares, the short-interest ratio is presently 0.2 days.

Kion Group Stock Down 5.5%

KIGRY stock opened at $12.95 on Friday. The company’s 50 day moving average is $17.91 and its 200 day moving average is $17.69. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 25.90 and a beta of 2.19. 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 has a 1-year low of $7.66 and a 1-year high of $20.54.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.48 billion. Sell-side analysts predict that Kion Group will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KIGRY has been the subject of several research reports. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kion Group currently has a consensus rating of “Hold”.

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.