Short Interest in Kion Group (OTCMKTS:KIGRY) Declines By 98.6%

Kion Group (OTCMKTS:KIGRY) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 41 shares, a drop of 98.6% from the February 26th total of 2,873 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 42,142 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kion Group presently has an average rating of “Hold”.

Kion Group Price Performance

Kion Group stock opened at $13.03 on Thursday. The stock has a 50-day moving average price of $16.84 and a two-hundred day moving average price of $17.51. Kion Group has a 12 month low of $7.66 and a 12 month high of $20.54. The company has a market capitalization of $6.83 billion, a PE ratio of 26.06 and a beta of 2.19. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a return on equity of 4.00% and a net margin of 2.12%. 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.