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

Key Points

• Short interest fell 34.2% in April to 2,967 shares (about 0.0% of shares sold short), leaving a days-to-cover ratio of just 0.1 based on average daily volume.
• Analyst sentiment is mixed but averages to a Hold rating (1 Buy, 3 Hold, 1 Sell); notable moves include Zacks downgrading to "strong sell" and Jefferies raising to "hold".
• Kion reported quarterly revenue of $3.61 billion (above estimates) and EPS of $0.15; the company has a market cap of $6.64 billion, a PE of 25.33, and a 52-week range of $10.06–$20.54.

Kion Group (OTCMKTS:KIGRY - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 2,967 shares, a decrease of 34.2% from the March 31st total of 4,512 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 31,787 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KIGRY. Zacks Research lowered shares of Kion Group from a "hold" rating to a "strong sell" rating in a research report on Friday, March 6th. Jefferies Financial Group raised shares of Kion Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Kion Group Price Performance

Shares of KIGRY opened at $12.67 on Tuesday. The firm has a market capitalization of $6.64 billion, a PE ratio of 25.33 and a beta of 2.21. The company's 50-day moving average is $14.32 and its 200-day moving average is $16.89. Kion Group has a fifty-two week low of $10.06 and a fifty-two week high of $20.54. 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 (OTCMKTS:KIGRY - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.48 billion. Equities analysts forecast that Kion Group will post 0.96 EPS for the current 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.

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