Kion Group (OTCMKTS:KIGRY) Sees Large Growth in Short Interest

Key Points

• Kion Group experienced a substantial increase in short interest, rising by 227.3% to 7,200 shares as of August 31st.
• Deutsche Bank has maintained a "buy" rating for Kion Group, with four analysts currently rating the stock as a Strong Buy.
• The company's quarterly earnings report revealed a net revenue of $3.07 billion, falling short of analyst estimates of $3.18 billion.

Kion Group (OTCMKTS:KIGRY - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,200 shares, an increase of 227.3% from the August 15th total of 2,200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 35,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 35,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kion Group in a report on Friday, July 4th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Kion Group Stock Performance

Shares of OTCMKTS KIGRY traded down $0.02 during mid-day trading on Friday, hitting $16.76. 4,329 shares of the company were exchanged, compared to its average volume of 35,818. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $12.90. Kion Group has a 1-year low of $7.66 and a 1-year high of $17.37. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 34.92 and a beta of 1.99.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.20 earnings per share for the quarter. Kion Group had a return on equity of 3.89% and a net margin of 2.08%.The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.18 billion. On average, sell-side analysts forecast that Kion Group will post 0.78 EPS for the current fiscal year.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.

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