Kion Group Ag (OTCMKTS:KIGRY) Sees Large Decline in Short Interest

Kion Group Ag (OTCMKTS:KIGRY) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,300 shares, a decline of 95.2% from the March 15th total of 26,900 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is currently 0.0 days.

Kion Group Stock Up 0.6 %

KIGRY stock traded up $0.06 during midday trading on Monday, reaching $9.31. 20,368 shares of the company were exchanged, compared to its average volume of 32,291. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 13.49 and a beta of 1.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.60 and a current ratio of 0.96. Kion Group has a 1-year low of $7.66 and a 1-year high of $13.04. The stock’s 50-day simple moving average is $10.45 and its 200 day simple moving average is $9.52.

Analyst Ratings Changes

Several equities analysts have recently issued reports on KIGRY shares. Citigroup upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th. Barclays raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th.

Kion Group Company Profile

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.