Kion Group (OTCMKTS:KIGRY) Short Interest Update

Kion Group (OTCMKTS:KIGRY) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 12,273 shares, a growth of 437.6% from the May 31st total of 2,283 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 23,812 shares, the short-interest ratio is currently 0.5 days.

Kion Group Price Performance

OTCMKTS KIGRY traded down $0.33 during trading hours on Friday, reaching $10.82. The company’s stock had a trading volume of 252,396 shares, compared to its average volume of 9,986. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. The company’s 50-day moving average is $12.49 and its two-hundred day moving average is $15.42. Kion Group has a fifty-two week low of $10.26 and a fifty-two week high of $20.54. The stock has a market cap of $5.68 billion, a PE ratio of 13.53 and a beta of 2.04.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Kion Group presently 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.