Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Short Interest Update

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

Wall Street Analyst Weigh In

Several research firms have issued reports on KHNGY. Zacks Research cut shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a report on Wednesday, April 29th. Jefferies Financial Group upgraded shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a research report on Tuesday, May 5th. HSBC cut shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Kuehne & Nagel International presently has an average rating of “Hold”.

Kuehne & Nagel International Stock Performance

Shares of OTCMKTS:KHNGY traded up $0.43 during trading on Monday, hitting $48.19. The company’s stock had a trading volume of 1,558 shares, compared to its average volume of 10,571. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 3.82 and a beta of 0.76. The company has a 50-day moving average of $46.44 and a 200-day moving average of $45.54. Kuehne & Nagel International has a 12 month low of $36.76 and a 12 month high of $51.00.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. The business had revenue of $7.15 billion for the quarter, compared to the consensus estimate of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. On average, sell-side analysts expect that Kuehne & Nagel International will post 2.14 earnings per share for the current year.

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.