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

Kion Group Ag (OTCMKTS:KIGRY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 26,900 shares, an increase of 556.1% from the February 28th total of 4,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 74,600 shares, the short-interest ratio is presently 0.4 days.

Kion Group Trading Down 1.2 %

Shares of KIGRY traded down $0.14 during trading hours on Friday, reaching $11.07. The stock had a trading volume of 94,211 shares, compared to its average volume of 32,148. The company has a market cap of $5.81 billion, a P/E ratio of 16.04 and a beta of 1.96. Kion Group has a 52 week low of $7.88 and a 52 week high of $13.45. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $10.37 and a 200 day moving average of $9.50.

Analyst Ratings Changes

KIGRY has been the topic of a number of recent analyst reports. Citigroup upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. Barclays upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.