Kion Group (OTCMKTS:KIGRY) Short Interest Up 18,539.0% in August

Kion Group (OTCMKTS:KIGRY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,642 shares, a growth of 18,539.0% from the July 30th total of 41 shares. Based on an average daily volume of 17,380 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Kion Group Trading Up 4.9%

Shares of KIGRY opened at $12.25 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $11.65 and a 200-day simple moving average of $13.19. Kion Group has a 1-year low of $10.26 and a 1-year high of $20.54. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 14.41 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. Equities analysts forecast that Kion Group will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.