Kion Group (OTCMKTS:KIGRY) Stock Short Interest Declines 66.5%

Kion Group (OTCMKTS:KIGRY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 1,401 shares, a drop of 66.5% from the September 15th total of 4,177 shares. Based on an average daily trading volume, of 39,857 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Kion Group Price Performance

Kion Group stock traded down $0.08 during mid-day trading on Wednesday, hitting $9.50. 10,608 shares of the company were exchanged, compared to its average volume of 22,024. Kion Group has a 12-month low of $9.32 and a 12-month high of $20.54. The company has a market capitalization of $4.98 billion, a P/E ratio of 11.18 and a beta of 2.08. The business’s 50 day simple moving average is $11.64 and its two-hundred day simple moving average is $12.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. Analysts forecast that Kion Group will post 0.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on KIGRY shares. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Barclays restated an “overweight” rating on shares of Kion Group in a report on Monday, October 5th. Citigroup upgraded shares of Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 8th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.