Kion Group (OTCMKTS:KIGRY) Sees Significant Decrease in Short Interest

Kion Group (OTCMKTS:KIGRY) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 2,967 shares, a drop of 34.2% from the March 31st total of 4,512 shares. Based on an average daily trading volume, of 31,787 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Kion Group Price Performance

Shares of KIGRY stock traded up $0.42 during trading hours on Thursday, hitting $12.98. 5,075 shares of the company’s stock were exchanged, compared to its average volume of 33,824. The company has a market capitalization of $6.81 billion, a PE ratio of 25.96 and a beta of 2.21. Kion Group has a 12-month low of $10.37 and a 12-month high of $20.54. The business’s 50 day simple moving average is $14.06 and its 200-day simple moving average is $16.84. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. On average, equities research analysts anticipate that Kion Group will post 0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on KIGRY shares. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kion Group presently has an average 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.