Kion Group (OTCMKTS:KIGRY) Short Interest Down 93.0% in May

Kion Group (OTCMKTS:KIGRY) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 739 shares, a decline of 93.0% from the April 30th total of 10,596 shares. Based on an average trading volume of 16,544 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Kion Group Stock Performance

Shares of KIGRY stock traded down $0.06 on Wednesday, hitting $12.82. The company had a trading volume of 14,758 shares, compared to its average volume of 29,213. The firm has a market cap of $6.72 billion, a P/E ratio of 16.03 and a beta of 2.07. The company has a 50-day moving average price of $13.04 and a 200-day moving average price of $16.44. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. Kion Group has a twelve month low of $11.46 and a twelve month high of $20.54.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a return on equity of 6.19% and a net margin of 3.26%. As a group, equities research analysts predict that Kion Group will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

KIGRY has been the subject of a number of research reports. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Oddo Bhf raised Kion Group to an “outperform” rating in a research report on Monday, May 4th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kion Group presently has an average rating of “Moderate Buy”.

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.