Kuehne & Nagel International Ag (OTCMKTS:KHNGY) Short Interest Up 268.1% in June

Kuehne & Nagel International Ag (OTCMKTS:KHNGY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,711 shares, an increase of 268.1% from the May 31st total of 1,823 shares. Based on an average daily volume of 10,362 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Kuehne & Nagel International Stock Down 1.6%

OTCMKTS KHNGY traded down $0.77 during trading on Friday, reaching $47.75. 3,037 shares of the company’s stock were exchanged, compared to its average volume of 5,772. The company has a 50 day moving average price of $46.44 and a two-hundred day moving average price of $45.51. The stock has a market cap of $28.83 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.88 and a beta of 0.76. Kuehne & Nagel International has a 1 year low of $36.76 and a 1 year high of $51.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.03 and a current ratio of 1.03.

Kuehne & Nagel International (OTCMKTS:KHNGY) last issued its earnings results on Friday, April 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.09. The business had revenue of $7.15 billion for the quarter, compared to analyst estimates of $7.58 billion. Kuehne & Nagel International had a return on equity of 38.37% and a net margin of 3.52%. On average, equities research analysts anticipate that Kuehne & Nagel International will post 2.14 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KHNGY shares. Zacks Research cut Kuehne & Nagel International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Citigroup restated a “sell” rating on shares of Kuehne & Nagel International in a research note on Wednesday, April 29th. Jefferies Financial Group raised shares of Kuehne & Nagel International from a “hold” rating to a “buy” rating in a report on Tuesday, May 5th. HSBC downgraded shares of Kuehne & Nagel International from a “hold” rating to a “moderate sell” rating in a research note on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Kuehne & Nagel International in a report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kuehne & Nagel International currently has a consensus rating of “Hold”.

About Kuehne & Nagel International

Kuehne & Nagel International is a global logistics company that provides a wide range of transportation and supply chain services. Its core activities include sea freight and airfreight forwarding, contract logistics and warehousing, as well as overland (road and rail) transportation. The company also offers integrated supply chain management, customs brokerage and value-added services that support complex logistics requirements for shippers and manufacturers.

Founded in 1890 by August Kühne and Friedrich Nagel, Kuehne & Nagel has grown into a multinational logistics provider with a long history in freight forwarding and transport services.