Short Interest in Kion Group (OTCMKTS:KIGRY) Rises By 227.3%

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 target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 7,200 shares, a growth of 227.3% from the August 15th total of 2,200 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 35,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 35,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Kion Group Stock Up 0.0%

Shares of KIGRY stock traded up $0.01 during trading on Wednesday, reaching $16.69. The company's stock had a trading volume of 5,028 shares, compared to its average volume of 13,862. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.99 and a quick ratio of 0.68. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 34.76 and a beta of 1.99. The stock's 50-day moving average price is $16.15 and its 200 day moving average price is $13.08. Kion Group has a 1-year low of $7.66 and a 1-year high of $17.37.

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. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.18 billion. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. On average, research analysts anticipate that Kion Group will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Kion Group in a research report on Friday, July 4th. Three investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

Kion Group Company Profile

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.