Short Interest in Kion Group (OTCMKTS:KIGRY) Declines By 99.7%

Kion Group (OTCMKTS:KIGRY) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 41 shares, a decline of 99.7% from the July 15th total of 14,866 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 11,343 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Kion Group presently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

KIGRY traded up $0.34 during trading on Tuesday, reaching $11.79. The company’s stock had a trading volume of 3,382 shares, compared to its average volume of 7,616. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10. The company’s fifty day moving average price is $11.56 and its 200-day moving average price is $13.65. Kion Group has a 52-week low of $10.26 and a 52-week high of $20.54. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 13.87 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. On average, equities analysts forecast that Kion Group will post 0.95 earnings per share for the current fiscal year.

Kion Group Company Profile

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.