Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Short Interest Up 167.4% in April

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 6,936 shares, an increase of 167.4% from the April 15th total of 2,594 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 11,182 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KHNGY. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Wednesday, January 28th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research report on Thursday, January 15th. Jefferies Financial Group upgraded Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Finally, HSBC downgraded Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Kuehne & Nagel International Stock Performance

Kuehne & Nagel International stock opened at $44.76 on Friday. The firm has a market capitalization of $27.02 billion, a P/E ratio of 25.43, a PEG ratio of 3.53 and a beta of 0.77. The stock has a fifty day moving average price of $45.46 and a 200 day moving average price of $43.90. Kuehne & Nagel International has a 52 week low of $36.76 and a 52 week high of $51.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its earnings results on Friday, April 24th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $7.15 billion during the quarter, compared to analyst estimates of $7.58 billion. Kuehne & Nagel International had a return on equity of 40.73% and a net margin of 3.52%. Equities research analysts anticipate that Kuehne & Nagel International will post 2.14 earnings per share for the current year.

About Kuehne & Nagel International

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.