Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Short Interest Down 94.3% in May

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 395 shares, a drop of 94.3% from the April 30th total of 6,936 shares. Based on an average daily trading volume, of 30,469 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Kuehne & Nagel International Trading Up 1.1%

Kuehne & Nagel International stock traded up $0.49 during midday trading on Friday, reaching $46.09. The stock had a trading volume of 11,026 shares, compared to its average volume of 12,523. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. Kuehne & Nagel International has a 52-week low of $36.76 and a 52-week high of $51.00. The firm has a market cap of $27.83 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 3.62 and a beta of 0.77. The company has a fifty day moving average of $45.59 and a 200 day moving average of $44.37.

Kuehne & Nagel International (OTCMKTS:KHNGY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.58 billion. Kuehne & Nagel International had a net margin of 3.52% and a return on equity of 38.37%. On average, analysts anticipate that Kuehne & Nagel International will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reissued a “sell” rating on shares of Kuehne & Nagel International in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. HSBC lowered shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 4th. Zacks Research raised shares of Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a report on Friday, May 1st. 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Kuehne & Nagel International Company Profile

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.