Short Interest in Kion Group (OTCMKTS:KIGRY) Grows By 698.0%

Kion Group (OTCMKTS:KIGRY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 14,866 shares, an increase of 698.0% from the June 30th total of 1,863 shares. Based on an average daily trading volume, of 23,576 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

KIGRY has been the topic of several research analyst reports. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley raised Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Price Performance

Shares of OTCMKTS KIGRY opened at $11.45 on Friday. The stock has a market cap of $6.00 billion, a P/E ratio of 14.31 and a beta of 2.05. Kion Group has a twelve month low of $10.26 and a twelve month high of $20.54. The stock has a 50 day moving average of $11.79 and a two-hundred day moving average of $14.32. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

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.