Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 124.1%

Kion Group (OTCMKTS:KIGRY) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 3,830 shares, an increase of 124.1% from the December 15th total of 1,709 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 9,540 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 9,540 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DZ Bank downgraded Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Up 0.9%

OTCMKTS KIGRY traded up $0.16 during mid-day trading on Thursday, reaching $18.67. 21,639 shares of the company’s stock traded hands, compared to its average volume of 10,804. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Kion Group has a 1-year low of $7.66 and a 1-year high of $20.54. The company has a fifty day simple moving average of $18.88 and a 200-day simple moving average of $17.16. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 32.19 and a beta of 2.17.

Kion Group (OTCMKTS:KIGRY) last released its earnings results on Thursday, October 30th. The company reported $0.25 EPS for the quarter. Kion Group had a return on equity of 4.59% and a net margin of 2.48%.The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $2.94 billion. As a group, equities research analysts expect that Kion Group will post 0.78 EPS for the current year.

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.