Kion Group (OTCMKTS:KIGRY) Short Interest Up 124.1% in December

Kion Group (OTCMKTS:KIGRY) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 3,830 shares, an increase of 124.1% from the December 15th total of 1,709 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 9,540 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 9,540 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Kion Group Stock Down 2.9%

Shares of OTCMKTS:KIGRY traded down $0.55 during trading on Wednesday, hitting $18.49. The stock had a trading volume of 421 shares, compared to its average volume of 8,300. The company has a market capitalization of $9.70 billion, a PE ratio of 31.88 and a beta of 2.17. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average is $18.87 and its 200 day moving average is $17.15. Kion Group has a 12 month low of $7.66 and a 12 month high of $20.54.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $2.94 billion. Kion Group had a return on equity of 4.59% and a net margin of 2.48%. Analysts anticipate that Kion Group will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KIGRY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Citigroup downgraded shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, 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.