Short Interest in Kion Group (OTCMKTS:KIGRY) Decreases By 84.8%

Kion Group (OTCMKTS:KIGRY) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 1,863 shares, a decrease of 84.8% from the June 15th total of 12,273 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 72,619 shares, the short-interest ratio is currently 0.0 days.

Kion Group Stock Down 2.9%

KIGRY traded down $0.34 during trading on Monday, reaching $11.34. 22,390 shares of the stock traded hands, compared to its average volume of 26,921. The stock’s 50-day simple moving average is $12.18 and its two-hundred day simple moving average is $14.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. Kion Group has a fifty-two week low of $10.26 and a fifty-two week high of $20.54. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 14.17 and a beta of 2.05.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KIGRY shares. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Oddo Bhf raised Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.