Kion Group (OTCMKTS:KIGRY) Sees Large Drop in Short Interest

Kion Group (OTCMKTS:KIGRY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 739 shares, a drop of 93.0% from the April 30th total of 10,596 shares. Based on an average daily volume of 16,544 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Kion Group Stock Performance

KIGRY traded down $0.03 during midday trading on Thursday, reaching $12.70. The company’s stock had a trading volume of 3,073 shares, compared to its average volume of 29,000. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $16.41. Kion Group has a twelve month low of $11.46 and a twelve month high of $20.54. The stock has a market cap of $6.66 billion, a P/E ratio of 15.88 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.48 billion. Kion Group had a return on equity of 6.19% and a net margin of 3.26%. Research analysts expect that Kion Group will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KIGRY shares. Oddo Bhf raised Kion Group to an “outperform” rating in a research note on Monday, May 4th. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kion Group has an average rating of “Moderate Buy”.

About Kion Group

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.