Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Stock Short Interest Jumps 239.9%

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 15,784 shares, a growth of 239.9% from the August 31st total of 4,644 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 9,149 shares, the short-interest ratio is currently 1.7 days.

Kuehne & Nagel International Trading Down 0.6%

Shares of KHNGY traded down $0.34 during mid-day trading on Friday, reaching $54.81. The company had a trading volume of 8,278 shares, compared to its average volume of 5,081. Kuehne & Nagel International has a fifty-two week low of $36.76 and a fifty-two week high of $56.57. The firm has a fifty day simple moving average of $52.18 and a 200-day simple moving average of $48.57. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 3.05 and a beta of 0.74. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.42.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Kuehne & Nagel International had a return on equity of 39.21% and a net margin of 3.57%.The business had revenue of $8.22 billion for the quarter, compared to analyst estimates of $7.58 billion. On average, sell-side analysts anticipate that Kuehne & Nagel International will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KHNGY shares. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Zacks Research lowered Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Kuehne & Nagel International Company Profile

Kuehne+Nagel International AG is a Switzerland-based global logistics and freight-forwarding company. It provides transportation and supply-chain solutions for businesses across a range of industries, helping customers move, store and manage goods through international logistics networks.

The company’s principal services include sea freight, air freight, road logistics and contract logistics. It also offers warehousing and distribution, customs clearance, supply-chain management, project logistics and technology-enabled shipment visibility.