Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Sees Large Increase in Short Interest

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

Kuehne & Nagel International Price Performance

KHNGY stock traded down $0.92 on Monday, reaching $49.10. The company had a trading volume of 1,352 shares, compared to its average volume of 9,707. The company’s fifty day moving average is $48.19 and its 200 day moving average is $46.55. The company has a market cap of $29.65 billion, a P/E ratio of 26.68, a PEG ratio of 3.92 and a beta of 0.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.03. Kuehne & Nagel International has a 1 year low of $36.76 and a 1 year high of $52.38.

Kuehne & Nagel International (OTCMKTS:KHNGY) last released its quarterly 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 company had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $7.58 billion. On average, research analysts forecast that Kuehne & Nagel International will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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