Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 18,539.0%

Kion Group (OTCMKTS:KIGRY) was the target of a significant growth in short interest in 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 trading volume, of 17,380 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of analysts recently commented on KIGRY shares. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Morgan Stanley raised Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Up 4.9%

Shares of Kion Group stock traded up $0.57 during midday trading on Tuesday, reaching $12.25. 4,552 shares of the company’s stock traded hands, compared to its average volume of 23,548. Kion Group has a 52 week low of $10.26 and a 52 week high of $20.54. The company’s 50 day simple moving average is $11.65 and its 200 day simple moving average is $13.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10. The company 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 announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. Equities analysts expect that Kion Group will post 0.95 earnings per share for the current fiscal year.

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.