Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Shares Shorted: Short Interest Down 60.5% in September

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 6,238 shares, a decrease of 60.5% from the September 15th total of 15,784 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,553 shares, the short-interest ratio is presently 0.5 days.

Kuehne & Nagel International Stock Performance

Shares of OTCMKTS KHNGY opened at $54.77 on Tuesday. Kuehne & Nagel International has a 1-year low of $36.76 and a 1-year high of $56.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50 day moving average is $52.94 and its two-hundred day moving average is $49.41. The stock has a market capitalization of $33.07 billion, a P/E ratio of 29.77, a PEG ratio of 3.44 and a beta of 0.73.

Kuehne & Nagel International (OTCMKTS:KHNGY) last announced its earnings results on Thursday, July 23rd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $7.58 billion. As a group, research analysts expect that Kuehne & Nagel International will post 2.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a research report on Tuesday, July 28th. Barclays reiterated an “underweight” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a report on Friday, July 24th. Finally, Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Kuehne & Nagel International

Kuehne+Nagel International AG is a Switzerland-based global logistics company that provides transportation and supply chain management services to businesses worldwide. The company organizes the movement of goods by sea, air, road and rail, serving customers across industries including healthcare, consumer goods, technology, industrial manufacturing and aerospace.

Its services include ocean and air freight forwarding, road logistics, contract logistics, warehousing, distribution, customs clearance and supply chain management.