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

Kion Group Ag (OTCMKTS:KIGRY) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 11,800 shares, a growth of 126.9% from the October 31st total of 5,200 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is presently 0.6 days.

Kion Group Stock Performance

KIGRY stock traded down $0.09 during midday trading on Thursday, reaching $8.57. The company had a trading volume of 20,492 shares, compared to its average volume of 16,440. The stock has a 50 day moving average price of $9.45 and a 200 day moving average price of $10.06. The firm has a market capitalization of $4.50 billion, a PE ratio of 12.42 and a beta of 2.00. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 0.22. Kion Group has a fifty-two week low of $8.33 and a fifty-two week high of $13.91.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.15 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.88% and a return on equity of 5.67%. The company had revenue of $2.97 billion for the quarter. Analysts anticipate that Kion Group will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Kion Group to a “strong-buy” rating in a report on Thursday, October 10th.

Kion Group Company Profile

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.