Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Decline in Short Interest

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 4,757 shares, a decline of 55.3% from the July 15th total of 10,647 shares. Based on an average daily volume of 6,454 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Kuehne & Nagel International Stock Performance

KHNGY stock traded up $0.35 during trading on Friday, hitting $52.07. The company had a trading volume of 1,904 shares, compared to its average volume of 3,368. The firm has a market cap of $31.44 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 3.47 and a beta of 0.75. Kuehne & Nagel International has a 1-year low of $36.76 and a 1-year high of $52.38. The firm has a 50-day moving average price of $49.52 and a 200-day moving average price of $47.05. The company has a quick ratio of 1.03, a current ratio of 0.97 and a debt-to-equity ratio of 0.42.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, beating 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 firm had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.58 billion. On average, analysts expect that Kuehne & Nagel International will post 2.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Barclays reaffirmed an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday, July 24th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group raised shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Kuehne & Nagel International

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.