Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Short Interest Down 58.5% in December

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 29,169 shares, a drop of 58.5% from the November 30th total of 70,309 shares. Based on an average daily volume of 31,286 shares, the days-to-cover ratio is currently 0.9 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 daily volume of 31,286 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KHNGY shares. Barclays downgraded shares of Kuehne & Nagel International from an “equal weight” rating to a “strong sell” rating in a research report on Thursday, October 30th. Zacks Research upgraded shares of Kuehne & Nagel International from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 27th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Kuehne & Nagel International in a report on Wednesday, October 29th. Finally, BNP Paribas upgraded Kuehne & Nagel International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Kuehne & Nagel International Price Performance

Shares of KHNGY stock traded up $0.29 during trading hours on Friday, hitting $44.20. The company’s stock had a trading volume of 3,391 shares, compared to its average volume of 11,152. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The business has a fifty day moving average of $40.23 and a 200-day moving average of $41.04. Kuehne & Nagel International has a twelve month low of $36.76 and a twelve month high of $49.66. The stock has a market cap of $26.69 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.25 and a beta of 0.88.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its earnings results on Thursday, October 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The company had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.34 billion. Kuehne & Nagel International had a net margin of 4.01% and a return on equity of 40.03%. As a group, equities research analysts anticipate that Kuehne & Nagel International will post 2.31 EPS 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.