Kion Group (OTCMKTS:KIGRY) Sees Large Drop in Short Interest

Kion Group (OTCMKTS:KIGRY) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,863 shares, a decrease of 84.8% from the June 15th total of 12,273 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 72,619 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Oddo Bhf upgraded Kion Group to an “outperform” rating in a report on Monday, May 4th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

Kion Group stock traded up $0.08 during mid-day trading on Friday, reaching $11.67. 4,539 shares of the company were exchanged, compared to its average volume of 22,714. The company has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $14.87. Kion Group has a 12 month low of $10.26 and a 12 month high of $20.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The firm has a market cap of $6.12 billion, a PE ratio of 14.59 and a beta of 2.05.

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.