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

Kion Group (OTCMKTS:KIGRY) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,512 shares, an increase of 10,904.9% from the March 15th total of 41 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,618 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

KIGRY has been the topic of several recent research reports. Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kion Group Trading Up 2.6%

Shares of KIGRY opened at $13.11 on Friday. The firm’s 50 day simple moving average is $15.42 and its 200 day simple moving average is $17.15. The company has a market capitalization of $6.87 billion, a P/E ratio of 26.21 and a beta of 2.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. Kion Group has a 1-year low of $8.93 and a 1-year high of $20.54.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. Sell-side analysts forecast that Kion Group will post 0.78 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.