Kion Group (OTCMKTS:KIGRY) Short Interest Down 93.0% in May

Kion Group (OTCMKTS:KIGRY) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 739 shares, a drop of 93.0% from the April 30th total of 10,596 shares. Based on an average daily volume of 16,544 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KIGRY. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Zacks Research cut shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Up 0.2%

Shares of OTCMKTS:KIGRY traded up $0.03 during midday trading on Friday, hitting $12.76. The stock had a trading volume of 10,378 shares, compared to its average volume of 8,119. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $13.01 and its 200-day simple moving average is $16.34. Kion Group has a 12 month low of $11.46 and a 12 month high of $20.54. The company has a market cap of $6.69 billion, a P/E ratio of 15.91 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a net margin of 3.26% and a return on equity of 6.19%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. On average, sell-side analysts forecast that Kion Group will post 0.98 earnings per share for the current fiscal year.

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.