Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Stock Short Interest Rises 90.6%

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 11,892 shares, a growth of 90.6% from the September 30th total of 6,238 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 11,419 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KHNGY shares. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research report on Wednesday. Royal Bank Of Canada began coverage on shares of Kuehne & Nagel International in a report on Thursday, October 15th. They set a “hold” rating for the company. Barclays reissued an “underweight” rating on shares of Kuehne & Nagel International in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Kuehne & Nagel International in a report on Tuesday, July 28th. Finally, Zacks Research raised Kuehne & Nagel International from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Kuehne & Nagel International Trading Up 2.7%

KHNGY stock traded up $1.56 on Monday, reaching $59.10. The company’s stock had a trading volume of 1,695 shares, compared to its average volume of 8,090. The firm has a market cap of $35.68 billion, a PE ratio of 26.62, a PEG ratio of 3.62 and a beta of 0.73. The business has a fifty day simple moving average of $54.33 and a two-hundred day simple moving average of $48.95. Kuehne & Nagel International has a 12-month low of $36.80 and a 12-month high of $59.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 0.97.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.21. Kuehne & Nagel International had a net margin of 3.82% and a return on equity of 43.31%. The business had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $7.70 billion. As a group, research analysts forecast that Kuehne & Nagel International will post 2.26 EPS for the current year.

About Kuehne & Nagel International

Kuehne & Nagel International AG is a global logistics and supply chain management company headquartered in Schindellegi, Switzerland. The company provides transportation and logistics services for businesses across a range of industries, including technology, healthcare, aerospace, automotive, retail and consumer goods.

Its main activities include sea freight, air freight, road logistics and contract logistics. Kuehne+Nagel also offers customs brokerage, warehousing, distribution, supply chain planning and technology-enabled logistics solutions.