Short Interest in Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Increases By 295.8%

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,647 shares, an increase of 295.8% from the June 30th total of 2,690 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,462 shares, the days-to-cover ratio is currently 1.3 days.

Kuehne & Nagel International Trading Down 1.5%

Shares of Kuehne & Nagel International stock opened at $49.25 on Tuesday. 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 12-month low of $36.76 and a 12-month high of $52.38. The company has a market capitalization of $29.73 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.92 and a beta of 0.75. The firm’s 50-day moving average price is $48.29 and its two-hundred day moving average price is $46.58.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its earnings results on Thursday, July 23rd. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. Kuehne & Nagel International had a return on equity of 38.52% and a net margin of 3.57%.The firm had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $7.58 billion. On average, analysts forecast that Kuehne & Nagel International will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research note on Friday. Jefferies Financial Group raised Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a research note on Friday, May 22nd. Finally, Zacks Research cut shares of Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Kuehne & Nagel International presently has a consensus 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.