Short Interest in Kion Group (OTCMKTS:KIGRY) Expands By 4,963.4%

Kion Group (OTCMKTS:KIGRY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 2,076 shares, an increase of 4,963.4% from the January 29th total of 41 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 32,969 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 32,969 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Kion Group Price Performance

KIGRY stock opened at $18.60 on Thursday. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 32.07 and a beta of 2.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.63. The company has a 50 day simple moving average of $19.05 and a 200 day simple moving average of $17.86. Kion Group has a 1 year low of $7.66 and a 1 year high of $20.54.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KIGRY shares. Jefferies Financial Group lowered shares of Kion Group to an “underperform” rating in a report on Sunday, January 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Kion Group

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.