Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 38.4%

Kion Group (OTCMKTS:KIGRY) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,873 shares, an increase of 38.4% from the February 12th total of 2,076 shares. Based on an average daily volume of 17,588 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 17,588 shares, the days-to-cover ratio is presently 0.2 days.

Kion Group Trading Down 5.5%

KIGRY opened at $12.95 on Monday. The stock has a market capitalization of $6.79 billion, a PE ratio of 25.90 and a beta of 2.19. Kion Group has a one year low of $7.66 and a one year high of $20.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97. The business’s 50 day moving average price is $17.91 and its 200 day moving average price is $17.70.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 4.03% and a net margin of 2.12%.The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. As a group, equities research analysts expect that Kion Group will post 0.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on KIGRY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.