Short Interest in Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Rises By 295.8%

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 10,647 shares, a growth of 295.8% from the June 30th total of 2,690 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 8,462 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KHNGY shares. Zacks Research downgraded Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research note on Friday. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Finally, Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday. Two research analysts have rated the stock with a Buy rating, three 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 Price Performance

KHNGY traded up $0.13 on Friday, reaching $50.02. The company had a trading volume of 4,768 shares, compared to its average volume of 3,886. The company has a fifty day moving average of $48.19 and a 200-day moving average of $46.54. The company has a market capitalization of $30.20 billion, a P/E ratio of 27.18, a PEG ratio of 3.92 and a beta of 0.75. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35. Kuehne & Nagel International has a one year low of $36.76 and a one year high of $52.38.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. Kuehne & Nagel International had a net margin of 3.57% and a return on equity of 38.52%. The firm had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $7.58 billion. As a group, 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.