Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Significant Drop in Short Interest

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 4,757 shares, a decline of 55.3% from the July 15th total of 10,647 shares. Based on an average trading volume of 6,454 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Kuehne & Nagel International Price Performance

Shares of OTCMKTS:KHNGY traded up $0.64 during trading on Monday, reaching $52.70. 1,867 shares of the company traded hands, compared to its average volume of 9,104. The company’s 50 day moving average is $49.52 and its two-hundred day moving average is $47.06. The firm has a market capitalization of $31.82 billion, a PE ratio of 28.64, a PEG ratio of 3.50 and a beta of 0.75. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. Kuehne & Nagel International has a 52 week low of $36.76 and a 52 week high of $52.94.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a net margin of 3.57% and a return on equity of 39.21%. As a group, sell-side analysts predict that Kuehne & Nagel International will post 2.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

KHNGY has been the subject of several research reports. Citigroup reaffirmed a “sell” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Zacks Research cut shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Barclays restated an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.