Kion Group (OTCMKTS:KIGRY) Sees Significant Increase in Short Interest

Kion Group (OTCMKTS:KIGRY) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 14,866 shares, an increase of 698.0% from the June 30th total of 1,863 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 23,576 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

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

Kion Group Stock Performance

Shares of OTCMKTS:KIGRY opened at $11.45 on Monday. The company has a 50 day moving average of $11.79 and a 200-day moving average of $14.27. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.00 billion, a P/E ratio of 14.31 and a beta of 2.05. Kion Group has a twelve month low of $10.26 and a twelve month high of $20.54.

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.