Kion Group (OTCMKTS:KIGRY) Short Interest Update

Kion Group (OTCMKTS:KIGRY) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 41 shares, a decline of 99.7% from the July 15th total of 14,866 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 11,343 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Kion Group Price Performance

KIGRY opened at $11.79 on Wednesday. The business has a fifty day moving average of $11.56 and a 200 day moving average of $13.65. Kion Group has a 52-week low of $10.26 and a 52-week high of $20.54. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.18 billion, a P/E ratio of 13.87 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY) last released its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. As a group, sell-side analysts anticipate that Kion Group will post 0.95 EPS for the current year.

About Kion Group

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.