Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Significant Growth in Short Interest

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 6,711 shares, an increase of 268.1% from the May 31st total of 1,823 shares. Based on an average daily trading volume, of 10,362 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Kuehne & Nagel International Stock Performance

Kuehne & Nagel International stock traded down $0.77 during mid-day trading on Friday, reaching $47.75. 3,037 shares of the company were exchanged, compared to its average volume of 5,772. The firm’s 50-day simple moving average is $46.44 and its two-hundred day simple moving average is $45.51. Kuehne & Nagel International has a twelve month low of $36.76 and a twelve month high of $51.00. The firm has a market cap of $28.83 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.88 and a beta of 0.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.03.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its earnings results on Friday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Kuehne & Nagel International had a return on equity of 38.37% and a net margin of 3.52%.The business had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.58 billion. Equities analysts predict that Kuehne & Nagel International will post 2.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KHNGY has been the topic of several research analyst reports. Zacks Research lowered shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Citigroup reaffirmed a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. HSBC cut Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Finally, Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kuehne & Nagel International Company Profile

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.